Wall Street ended in positive territory with both the Nasdaq and S&P recording new highs ahead of the Federal Reserve’s stance on interest rates this Wednesday.
Consensus views that the Feds will keep rates steady following a strong job data last Friday.
As such, the DJIA gained 69 points where the Nasdaq added 59 points as the US 10-year yield edged higher at 4.471%.
The Hong Kong market was closed yesterday for Dragon Boat festival and will resume trading today.
Nasdaq high
Wall Street closed higher ahead of this week’s consumer prices report and a Federal Reserve policy announcement. The DJIA added 0.18%, to end at 38,868.04. Nasdaq rose 0.35%, to close at 17,192.53. S&P500 rose 0.26%, to finish at 5,360.79.
Major regional indices trended mixed. Nikkei 225 climbed 0.92%, to finish at 39,038.16. STI slid 0.26%, to close at 3,322.08. Meanwhile, HSI and SHCOMP were closed for Dragon Boat Festival Holiday.
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