All 10 industry sectors in the Standard & Poor’s 500-stock index rose, led by health care, utilities and energy companies.
“The economy continues to improve in the U.S., and there’s still an accommodative Fed,” said Brad Sorensen, director of market and sector research at the Schwab Center for Financial Research. “We think the bull market has further to run.”
The Fed has held a crucial short-term interest rate close to zero for over five years, making it
Canadian ship owners and their crews say Ottawa negotiated a lopsided trade deal with Europe that could eventually put thousands of jobs at risk.
Under the free-trade agreement, key pieces of the highly protected Great Lakes and the St. Lawrence River shipping business will be opened up to foreign competition for the first time, with no reciprocal access to the European market.