File: Both the Dow and S&P finished at new peaks on Friday and also posted their fourth consecutive weekly gains.NEW YORK - US stocks pushed higher as trading got underway on Wednesday as interest rate hike fears faded, while eurozone shares slumped despite data showing the economy is booming.
"The markets appear to be finding relief from yesterday's dovish testimony on Capitol Hill by Fed Chairman Jerome Powell," said analysts at Charles Schwab brokerage. The tech-heavy Nasdaq composite index struck a record high on Tuesday and the S&P 500 is close to its record. IHS Markit's PMI index -- which shows the earliest trends in manufacturing and service sectors -- said eurozone activity leapt from 57.1 in May to a booming 59.2 in June, far above the 50-point level that indicates growth.
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