The major US indices snap their two-day slide

Major indices close higher on the day

The major US indices not there today slide and are closing near the days highs in the process. Chair Powell’s view that it would take significant and persistent inflation before the next Fed hike, gave traders the green light to take stock higher.  Ahead, however, will be the US China tariffs scheduled to be hiked on December 15. That along with the UK election on the next key events for not only the US stock market but global stocks.
The final numbers are showing:
  • S&P index, +9.09 points or 0.29% at 3141.61. The high reached 3143.98. The low extended to 3133.21
  • NASDAQ index rose and 37.867 points or 0.44% at 8654.05. The high reached 8658.48. The low fell to 8622.355
  • The Dow rose 29.37 points or 0.11% to 27911.09. The hi reached 27925.50. The low extended to 27801.80