Thursday 12, October 2017 by William Mullally

US stocks finish higher

Mihir Kapadia, CEO and Founder, Sun Global Investments

US stocks finished significantly higher on Tuesday with the Dow closing at a new all-time high (boosted by a 4.4 per cent increase in Walmart’s stock. The S&P 500 rose 0.23 per cent, while the Dow Jones Industrial Average gained 0.31 per cent, while the Nasdaq got a 0.11 per cent lift. So the US stock market continues to march on steadily having hit countless all-time highs this year.  US government bonds rose yesterday after the recent declining trend. The yield on the benchmark 10-year Treasury note settled at 2.34 per cent, down from 2 bps from Friday.

In overnight trading in Asia, most indices are significantly higher. Japan's Nikkei is very close to a 21 year high. In Taiwan, where the market started after a four-day holiday is playing catch up rising 1.1 per cent and in Australia briefly the S&P/ASX 200 is up 0.6 per cent.

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