Wednesday Outlook: Stocks hit record high; dollar under pressure

Gold inches higher; oil takes a breather

  
A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020.

A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020.

REUTERS/Brendan McDermid

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Stocks hit record high as Biden, vaccine lift global prospects
E-mini futures for the S&P 500 rose another 0.5% in early Wednesday trade

Gold inches higher from over 4-month low as dollar weakens
Spot gold rose 0.1% to $1,809.41 per ounce by 0124 GMT

Oil takes breather after vaccine rally as stockpiles rise
The contracts closed at their highest since early March on Tuesday


 

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