{"id":2919,"date":"2017-02-10T02:56:33","date_gmt":"2017-02-10T02:56:33","guid":{"rendered":"http:\/\/arabicfxadvisors.com\/english\/?p=2919"},"modified":"2017-02-10T03:01:58","modified_gmt":"2017-02-10T03:01:58","slug":"wall-street-dollar-surge-higher-trump-tax-talk-9-feb-2017","status":"publish","type":"post","link":"https:\/\/arabicfxadvisors.com\/english\/wall-street-dollar-surge-higher-trump-tax-talk-9-feb-2017\/","title":{"rendered":"Wall Street, Dollar, Surge Higher After Trump Tax Talk – 9 Feb, 2017"},"content":{"rendered":"

Wall Street stocks surged to record highs on Thursday and the U.S. dollar and bond yields rose after U.S. President Donald Trump said he would release a “phenomenal” tax plan in the next few weeks.<\/p>\n

Investors have been waiting for details on Trump’s election campaign pledge to stimulate economic growth with large-scale fiscal stimulus through infrastructure spending and tax cuts.<\/p>\n

The three main U.S. stock indexes ended in record territory as most sectors gained. Financials .SPSY, which have soared since the election, were the best-performing group, up 1.4 percent after three sessions of declines, while energy shares .SPNY gained 0.9 percent.<\/p>\n

In a meeting with airline executives, the president said his administration will be announcing “something phenomenal in terms of tax” over “the next two or three weeks”.<\/p>\n

The Dow Jones Industrial Average .DJI rose 118.06 points, or 0.59 percent, to end at 20,172.4, the S&P 500 .SPX gained 13.2 points, or 0.58 percent, to 2,307.87 and the Nasdaq Composite .IXIC added 32.73 points, or 0.58 percent, to 5,715.18.<\/p>\n

The U.S. dollar rose more than 1 percent against the yen JPY= to a six-day high, the euro fell to the day’s low against the dollar EUR=, and the greenback saw a one-week high against the Swiss franc CHF=.<\/p>\n

Benchmark 10-year U.S. Treasury note yields US10YT=RR were at 2.393 percent after hitting a three-week low of 2.325 percent Wednesday.<\/p>\n

By <\/span>Hilary Russ<\/span> | <\/span>NEW YORK<\/span><\/div>\n

Wall Street stocks surged to record highs on Thursday and the U.S. dollar and bond yields rose after U.S. President Donald Trump said he would release a “phenomenal” tax plan in the next few weeks.<\/p>\n

Investors have been waiting for details on Trump’s election campaign pledge to stimulate economic growth with large-scale fiscal stimulus through infrastructure spending and tax cuts.<\/p>\n

The three main U.S. stock indexes ended in record territory as most sectors gained. Financials .SPSY, which have soared since the election, were the best-performing group, up 1.4 percent after three sessions of declines, while energy shares .SPNY gained 0.9 percent.<\/p>\n

In a meeting with airline executives, the president said his administration will be announcing “something phenomenal in terms of tax” over “the next two or three weeks”.<\/p>\n

The Dow Jones Industrial Average .DJI rose 118.06 points, or 0.59 percent, to end at 20,172.4, the S&P 500 .SPX gained 13.2 points, or 0.58 percent, to 2,307.87 and the Nasdaq Composite .IXIC added 32.73 points, or 0.58 percent, to 5,715.18.<\/p>\n

The U.S. dollar rose more than 1 percent against the yen JPY= to a six-day high, the euro fell to the day’s low against the dollar EUR=, and the greenback saw a one-week high against the Swiss franc CHF=.<\/p>\n

Benchmark 10-year U.S. Treasury note yields US10YT=RR were at 2.393 percent after hitting a three-week low of 2.325 percent Wednesday.<\/p>\n

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