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Dow, S&P 500 eke out record highs, turn up after Fed Powell report

Mimi Sabreena 7:03:00 AM Informasi

NEW YORK (Oct 20): The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.

Investors have been anxious to hear who President Donald Trump will pick as the nominee. A decision like Powell would likely be a continuation of the current stock market-friendly monetary policy that has helped fuel the market's more than eight-year bull run.

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