Stock market near record highs as S&P 500 sets record 5 days in a row
From Fortune:
U.S. stocks are near record heights, with the S&P 500 down 0.2% and the Dow Jones Industrial Average up 0.1%. Intel’s drop of 12.1% is dragging the market. Spending by U.S. consumers strengthened in December, and the Treasury yield is up to 4.16%. Next week’s Federal Reserve meeting won’t likely lead to any changes in interest rates. Critics say the market’s mood is ebullient. American Express and Colgate-Palmolive both saw stock boosts, but in stock markets abroad, it’s a mixed bag in Asia with higher indexes in Europe being reported.
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