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Gains mostly fade after touching a record high

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Closing changes in the main US bourses

  • S&P 500 up 8 points or 0.2% to 4369
  • Nasdaq down 0.1%
  • DJIA +0.1%
  • Russell 2000 -1.6%
  • TSX -0.1%

A more-patient sound Powell gave equities a lift early but the boost faded. Ultimately, we closed in the middle of the day’s range, which is a surprise to me given that infrastructure is also making progress. That said, the underperformance in the Russell 2000 and higher corporate taxes are no coincidence.

Closing changes in the main US bourses

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