Forex news for North American trading on December 7, 2016
In other markets:
– S&P index +29.29 points or 1.32%
– NASDAQ composite index +60.761 points or 1.14%
Stocks once again marched higher in trading today as the Trump rally continued. Today, the President elect was named TIME Magazine’s Person of the Year, and in the article he said "I am going to bring down drug prices". That was enough to send the biotech, and pharma stocks down but not enough to stop another round of buying in industrial s, banks, even techs today. The Dow rose by near 300 points or 1.55%. The S&P added 1.32%. Remember, yesterday the deal maker announced an agreement with Softbank to invest 50B in the US (with 50K new jobs). He also bashed Boeing for the $4B price tag for the new fleet of Air Force One planes. Today Boeing was up 1.9% on the day. So far all Trump touches turns to gold and that what may be so scary. Feeding a egomaniac with successes, will only make the roller coaster ride go faster. Hold on folks. So far so good.
Forexlive Americas forex news wrap: Person of the Year Trump rally continues
