S&P 500 and Dow close at new highs
Two day Fed meeting in focus
Attorney General Sessions before the Senate
US stocks finished higher with the Dow Jones closing up 92 points at 21,328 - a new record, along with the S&P 500, which also closed at a new high.
Tech shares had a good day after tanking yesterday and on Friday. The Nasdaq closed 44 ahead at 6,220.
The broader based S&P500 added around ten to finish the afternoon session at 2,440 - a new record.
The S&P/ TSX Composite index in Toronto closed down over four points at 15,379.
Investors are following the Attorney General's testimony but also the two day Fed meeting finishing tomorrow
MID-SESSION..
US shares are higher in mid-afternoon trade as the tech sector enjoyed a bounce and benchmark indexes once again near record highs.
Amazon (NASDAQ:AMZN) is up 1.8%, Alphabet (NASDAQ:GOOGL) is up nearly a percent, and Apple (NASDAQ:AAPL) gained 0.84%.
Energy stocks also made good gains as US crude was up over a percent at the time of writing at US$46.54 a barrel.
Halliburton (NYSE:HAL) climbed 2.5% to $46.03 and refiner Tesoro rose (NYSE:TSO) gushed up 3.13% to $94.04 each.
Earlier in London, FTSE 100 dropped nearly 12 points to close at 7,499.
It comes as the Attorney General Jefferson Sessions is getting questioned by the Senate's select committee in intelligence on Russian ties.
OPEN
US shares are higher at the open, and the Dow had hit a new intra-day high, as tech stocks rebounded after plunging yesterday.
Investors are keenly awaiting an interest rate decision from the Fed tomorrow after a two-day meeting.
The Dow Jones added over 62 at 21,297; the S&P500 gained 7.38 at 2,436. The Dow had earlier briefly hit 21,307 - an all-time intraday high.
The tech heavy Nasdaq added 36 at 6,212. US crude is down 0.72% to $45.74.
Netflix Inc (NASDAQ: NFLX) is up 1.08%, while Apple (NASDAQ:AAPL), which plunged 4% on Monday added 0.65% to $146.36.
The world's biggest firm said confirmed today it had joined the race with Google and Uber to release the first driverless vehicles into the market.
What to expect as the Fed raises #interestrates https://t.co/DkqWH9zyR7 pic.twitter.com/2LUHeqNDpC
— realtor.com (@realtordotcom) June 13, 2017
PREVIEW
US stocks are seen turning a corner on Tuesday and opening higher ahead of a closely watched two-day policy meeting of the Fed, culminating in a decision on interest rates.
Yesterday, Wall Street shares closed lower as the tech sell off continued to bite.
The benchmark Dow Jones Industrial Index closed at 21,235 - down 36 points, while the S&P500 closed 2.38 lower, at 2,429. Meanwhile, the tech heavy Nasdaq index finished 32 down at 6,175.
In futures today, the Dow Jones are up 20. the S&P 500 futures are ahead 3.85, while the Nasdaq futures are up 17.
Commentators and analysts reckon there will be a US rate rise announced on Wednesday. If so it will be the third rate hike in seven months, underlining confidence in the US economy.
The same cannot really be said of the UK economy, which is feeling a little rudderless as Prime Minister Theresa May tries to strike a deal with the DUP for a minority government, with the Brexit negotiation start travelling towards the country at a rate of knots.
On the corporate front, Verizon's $4.5bn purchase of search giant Yahoo (NASDAQ:YHOO) is expected to close today - a milestone moment for the tech group, whose name has become part of the fabric of everyday life.
Oft in the press, taxi app Uber will also have news out. It has recommendations on Tuesday after an investigation into sexual harassment.
Also today, the US Bureau of labor statistics will release its inflation report for May this morning.