Forex news for North American trading on December 7, 2016
In other markets:
– S&P index +29.29 points or 1.32%
– NASDAQ composite index +60.761 points or 1.14%
Stocks once again marched higher in trading today as the Trump rally continued. Today, the President elect was named TIME Magazine’s Person of the Year, and in the article he said “I am going to bring down drug prices”. That was enough to send the biotech, and pharma stocks down but not enough to stop another round of buying in industrial s, banks, even techs today. The Dow rose by near 300 points or 1.55%. The S&P added 1.32%.