U.S. Shares Regain Records as Fed Outlook Hits Dollar; Oil Jumps
- Pound sinks to 31-year low amid angst over Brexit impact
- Most Asian index futures signal advances as yen meanders
Wells Fargo's Christopher: Investors Looking for Growth
U.S. stocks rose to a record, while the dollar weakened as traders pushed back bets on higher interest rates amid uneven growth in the world’s largest economy. Oil advanced.
All three American equity benchmarks climbed amid corporate deal activity, and as a third day of gains in crude oil bolstered commodity producers. Emerging-market stocks advanced for an eighth straight day as Russian shares rallied to an all-time high, while the dollar declined against most of its major peers. The pound fell to its lowest closing level since 1985 amid speculation data will start to show the U.K.’s decision to leave the European Union has negatively affected the economy. Most industrial metals rebounded.