S&P, Nasdaq hit record on gains in tech, financials

S&P, Nasdaq hit record on gains in tech, financials

S&P, Nasdaq hit record on gains in tech, financials

The Standard & Poor's 500 index and Nasdaq Composite Index reached new peaks, as well.

In oil markets, Brent crude traded about half a percent lower around $56.90, while USA crude traded slightly lower near $51.42.

Financial stocks rose, with the SPDR S&P Bank ETF (KBE) posting its first 10-day win streak on record. Tech sectors lagged behind, causing the Nasdaq to lose zero.1 percent to 6,453.4-5. The sector was last up 0.27 percent.

Trump later said he has had four meetings in his search for a new chairman of the Federal Reserve Board and will decide in two or three weeks.

South Korea follows China in ICO ban
This month, authorities also indicted four people on charges of illegally trading cannabis using bitcoin, the commission said. The ICO or a token crowdsale is a way of raising funds by selling digital tokens , typically based on the Ethereum platform.

Rising expectations for another interest rate hike by the year-end and Trump's tax-cut plan have dominated markets for most of the week.

US stocks keep chugging higher. The Chicago purchasing managers' index for September and the final reading of consumer sentiment will also be published.

"Armenpress" reports the value of Dow Jones up by 0.18% to 22381.20 points, S&P 500 up by 0.12% to 2510.06 points, Nasdaq stood at 6453.45 points. For the week, the Dow rose 0.2% and the S&P rose 0.7% in their third straight weekly advance.

Meat processor Tyson Foods jumped 7.64 percent after the company raised its full-year profit forecast. The Nasdaq rose 1.1%.

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