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Stock impact report

Stocks shrug, hit record highs after Trump ups the ante against Jerome Powell and the Fed [CNN]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: CNN
New York — But the “Sell America” trade was muted Monday, with US stocks recovering initial losses and closing higher. The Dow gained 86 points, or 0.17%, to close at a record high, recouping losses after falling almost 500 points earlier. The broader S&P 500 rose 0.16% and also closed at a record high. The tech-heavy Nasdaq Composite gained 0.26%. While stocks rebounded, the US dollar remained under pressure and weakened against other major currencies. The dollar index, which tracks the dollar's strength against six major currencies, was down 0.24%. Treasuries fell somewhat, too. The benchmark 10-year yield, which trades in opposite direction to prices, rose to 4.19%, near a one-month high. Bond yields' move higher suggests the Trump administration's action against the Fed could backfire , and rates may not start sinking as the president has demanded. It's unusual for stocks, bonds and the dollar to fall in tandem , so the initial overnight market moves caught Wall Street's Show less Read more
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