Wall Street investors were back in rally mode Tuesday, pushing the S&P 500 and Nasdaq to new records and lifting the dollar against the euro on renewed optimism about US President Donald Trump’s policies. The buoyant spirt, which also lifted the Dow back to within striking distance of the 20,000-point milestone, came on a muted day for other leading markets.
The London bourse was flat and the pound was pressured after a British court ruled that Britain’s government must win parliament’s approval before beginning formal Brexit negotiations. US stocks began quietly but picked up momentum as the day progressed. Trump met with leading US automakers and took action to advance two major pipeline projects that had been blocked by former president Barack Obama. READ MORE