Ports markets touch record height in a sharp turnaround from April

The S&P 500 rose by 0.8%and closed at 6.141 – only under his record of 6.144 in February. The Dow rose 0.97%or 194 points and the Nasdaq Increased 0.94%.

Economic reports published on Thursday showed a mixed picture at best. The economic contraction of the United States was in the first quarter steeper than initially thoughtAccording to a report by the trade department, the number of people who claimed unemployed help was the highest in three and a half years. Permanent orders of goods, a representative for manufacturing activity, showed an increase in May in May Boeing and Qatar Airways.

But there were more than data that drove the equity thrust. The Wall Street Journal reported that President Donald Trump wanted to name a successor to the Federal Reserve Chairman Jerome Powell earlier than expected, which creates the possibility of interest disorders that take place earlier than expected. Trump has exerted the pressure on Powell to reduce interest rates, despite the steady waiting time of the Fed chair.

Two members of the Federal Reserve Tariff-Sing Committee recently separated into Powell and spoke out in favor of interest reductions.

The Press spokeswoman of the White House, Karoline Leavitt Thursday This Trump tariff break could exceed a previously specified period of July 9 and describe it as “not critical” for trade agreements.

The Federal Ministry of Finance fell into the news. The return of the 10-year Ministry of Finance fell from 4.29% late Wednesday to 4.24%. The two -year -old state treasury, which pursues the expectations of Fed’s interest rate campaigns to 3.71%.