U.S. stocks climbed to record highs, gold fell and the dollar extended gains as the minutes from the Federal Reserve’s December policy meeting showed officials continued to back gradual interest-rate increases.
The Standard & Poor’s 500 index rose past 2,700 for the first time, while the Nasdaq Composite index and Dow Jones Industrial Average reached all-time highs. An earlier report showed U.S. manufacturing expanded in December at the fastest pace in three months. European stocks rose following a positive session in Asia and bonds gained as the region’s new investment regulations finally took effect.
(c) 2018, Bloomberg · Kailey Leinz