S&P 500 Climbs to Record High as Dollar Rallies; Treasuries Drop

  • Theresa May’s elevation as prime minister boosts U.K. assets
  • Asian index futures tip more gains after Japan stock surge

Why Do Stock Indexes Keep Grinding Higher?

Stocks rose, sending the S&P 500 Index to an all-time high on speculation the U.S. economy remains strong enough to propel global growth without forcing the Federal Reserve to raise interest rates. The dollar climbed with industrial metals.

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