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U.S. stocks at records amid Comey as Euro weakens
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Loading...U.S. stocks pushed to fresh records and Treasuries fell as former FBI Director James Comey testified to Congress. The euro weakened after Mario Draghi signaled that inflation in the region remains tepid,
overshadowing improved prospects for the economy.
The S&P 500 Index added 0.2 percent in afternoon trading as Comey spoke, with markets watching for clues on the fate of the Trump administration’s policy agenda. The 10-year Treasury yield climbed above 2.20 percent. U.K. assets were weighed down by risks of shock outcomes as British voters head to polls in a general election. The euro faded after the European Central Bank policy decision and commentary. Crude rose above $46 a barrel.
The ECB decision failed to have any lasting impact on financial assets as investors turn to Comey's testimony, which has diverted attention and energy from the president's policy agenda that has largely stalled in recent weeks.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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