Investors assess the speculation of Taylor as next Fed chair
The greenback strengthened to a one-week height on speculation that the next Fed chair will be more hawkish. Dow Jones briefly passed 23,000 for the first time ever.
Here’s what caught our eye among stocks:
S&P 500 added 0.1% at the close in New York.
Dow Jones gained 0.2% to 22,997.44.
Stoxx Europe 600 lost 0.3%.
MSCI Emerging Markets slumped 0.4%, the first drop in more than a week.
Fairly large moves with the major currencies, led by the greenback:
The dollar added 0.2%
The euro dropped 0.3% to $1.1767.
The pound fell 0.5% to $1.3185.
The yen was barely changed at 112.22 per dollar.
A bearish session for commodities, safe for oil:
WTI added 0.2% to $52 a barrel
Gold fell 0.8% to $1,285.97 an troyounce.
Copper plummeted 1.2% to $3.2015 a pound – first retreat in more than a week.