Powell offered a lift to US stock markets but there was some mid-day angst along with signs of sector rotation into pro-cyclical small caps.
Closing changes on the day:
- S&P 500 +1.2%
- Nasdaq Comp +1.5%
- DJIA +1.2%
- Russell 2000 +3.1%
- Toronto TSX Comp +1.1% (record high)
On the week:
- S&P 500 +1.4%
- Nasdaq Comp +1.4%
- DJIA +1.3%
- Russell 2000 +3.4%
- Toronto TSX Comp +4.1%
The S&P 500 is now just 0.6% away from the all-time high.
This article was written by Adam Button at www.forexlive.com.
