US: Stocks end at records, shrugging off Trump impeachment

Wall Street stocks pushed to fresh records on Thursday, shrugging off a historic US impeachment vote and focusing on heightened hopes for easing trade tensions with China.[NEW YORK] Wall Street stocks pushed to fresh records on Thursday, shrugging off a historic US impeachment vote and focusing on heightened hopes for easing trade tensions with China.

All three major indices advanced to new records, with the Dow Jones Industrial Average finishing with a gain of 0.5 per cent at 28,376.96. The broad-based S&P 500 also rose 0.5 per cent to 3,205.23, while the tech-rich Nasdaq Composite Index jumped 0.7 per cent to 8,867.22, its sixth straight record. Stocks have repeatedly hit records in recent sessions amid a mellowing of US-China trade tensions, and agreement on a revised trade pact with Mexico and Canada, in a rally that also has been supported by accommodative monetary policy.Analysts said Thursday's records also reflect broad expectations that the US Senate will vote against removing US President Donald Trump from office after Mr Trump became just the third US president in history impeached.

Source: News Formal (newsformal.com)

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