US stocks end at records, shrugging off Trump impeachment

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NEW YORK: Wall Street stocks pushed to fresh records on Thursday (Dec 19), shrugging off a historic US impeachment vote and focusing on heightened ...

NEW YORK: Wall Street stocks pushed to fresh records on Thursday , shrugging off a historic US impeachment vote and focusing on heightened hopes for easing trade tensions with China.

Stocks have repeatedly hit records in recent sessions amid a mellowing of US-China trade tensions, and agreement on a revised trade pact with Mexico and Canada, in a rally that also has been supported by accommodative monetary policy. "The market is going to ignore impeachment in large part, it will pay attention to earnings, interest rates and the Fed," said Art Hogan, chief market strategist at National Securities."That's been true for the last two impeachments."were mixed, with existing home sales dropping to a five-month low in November while jobless claims dipped.

 

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