Dollar Gains With U.S. Stocks on Trump Tax Outlook: Markets Wrap
- U.S. stocks post sixth weekly gain, reach fresh all-time highs
- Yen drops before Japan vote, Euro slips as investors eye Spain
Northern Trust's McDonald Sees Stocks Moving Higher
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The dollar climbed, Treasuries fell and U.S. stocks posted a sixth straight weekly gain on bets Donald Trump was closer to pulling off one of his biggest legislative priorities after the Senate approved a budget vehicle for tax cuts.
All three U.S. equity benchmarks hit records. The dollar reached a three-month high and 10-year Treasury yields approached 2.4 percent amid speculation Trump was moving closer to selecting the next Federal Reserve chief.