Chinese tensions hit Australian stocks as Asian markets take a breather
US stocks set new records and the dollar cut previous losses on Tuesday as investors weighed the Federal Reserve’s policy change on inflation and the latest data on the global economic recovery.
The S&P 500 Index closed up 0.8% to a new high of 3,526.65, while the high-tech Nasdaq Composite also eclipsed a previous record, up 1.4% to 11,939 , 67.
According to Esty Dwek, head of global…
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