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S&P, Dow stay on record-setting run; dollar firm
July 19, 2016 8:29 PM EDTBy Richard Leong
NEW YORK (Reuters) - Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and S&P 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end.
The impressive run in major equity markets around the globe led investors to reduce their safe-haven positions in U.S. and German government debt, sending their yields higher.
Oil prices recovered from a two-month low after U.S. data showed a further drawdown in crude inventories, reducing worries... More
