Dow Jones And S&P Eclipse All-Time Closing Records
ICM Brokers | May 19, 2015 02:47AM ET
Dow Jones
The Dow Jones Industrial Average and S&P 500 Composite index both eclipsed all-time closing records on Monday, amid growing possibility that the Federal Reserve could delay a much-anticipated interest rate hike. Boosted by a surge in Apple (NASDAQ:AAPL), the Dow gained 26.32 or 0.14% to close at 18,298.88, above its level of 18,288.63 on March 2, when it last hit an all-time closing high. Meanwhile, Federal Reserve Bank of Chicago president Charles Evans reiterated on Monday that while the Fed could still consider an interest rate hike in June if the economy is trending upward he doesn't recommend raising rates until the start of 2016.
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