Nasdaq, S&P 500 post record closing highs ahead of July 4th
Nasdaq, S&P 500 end higher; Dow slips
Tech leads S&P 500 sector gainers; Healthcare weakest group
Dollar dips; bitcoin down >2%; crude edges up; gold gains >1%
U.S. 10-Year Treasury yield slides to ~4.35%
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NASDAQ, S&P 500 POST RECORD CLOSING HIGHS AHEAD OF JULY 4TH
The Nasdaq .IXIC and S&P 500 .SPX each registered record closing highs on Wednesday in a shortened session ahead of the July 4th U.S. holiday, with technology shares .SPLRCT leading the way higher.
The Dow .DJI finished slightly lower.
It was the second consecutive record high close for the S&P 500 and third in a row for the Nasdaq. The tech sector gained 1.5% on the day.
Jobless claims and other data on Wednesday supported the view that the Federal Reserve is likely to cut interest rates starting in September. The benchmark U.S. Treasury yield US10YT=RR slid to 4.35%.
It was welcome news for stock investors ahead of Friday's all-important U.S. monthly jobs report. The market will be closed Thursday for the holiday.
Here is the closing market snapshot:
(Caroline Valetkevitch)
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FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:
HARRIS LEADS BIDEN IN PREDICTIT BETTING MARKETS - CLICK HERE
JULY 3 DATA RUSH PART TWO: SERVICES PMI, TRADE BALANCE, ET AL - CLICK HERE
PRE-JULY 4 DATA RUSH, PART ONE: JOBS - CLICK HERE
BOFA CLIENTS KEEP THE FAITH IN TECH, COMMUNICATION SERVICES - CLICK HERE
S&P 500 INDEX VS RESISTANCE LINE: ACTING LIKE IVY - CLICK HERE
KICKING THE CAN DOWN THE ROAD - CLICK HERE
TOUGH TIMES ARE NOT OVER FOR EUROPEAN AUTOS - CITI - CLICK HERE
HAVEN BRITAIN? CLICK HERE
A CLOSER LOOK AT U.S. DRUG PRICING RISKS - CLICK HERE
THE GRASS IS GREENER TODAY IN EUROPE - CLICK HERE
SUNNY START IN EUROPE - CLICK HERE
POWELL SPARKS OPTIMISM ON RATE CUTS - CLICK HERE
closing snapshot https://tmsnrt.rs/45PCuw8
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