Sunday 08, October 2017 by William Mullally

Dollar grows stronger

US stock-index gains accelerated deeper into new all-time highs (for the fourth day in a row) on Thursday afternoon after the House of Representatives passed a budget resolution on Thursday which paves the way for tax reforms. The Dow Jones Industrial Average gained 114.16 points, or 0.50 per cent, to 22,775.80, while the S&P500 rallied 13.75 points, or 0.54 per cent. The Nasdaq is now up 22.3 per cent for the year as a whole while the S&P 500 is 15 per cent higher.

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