Shares in any respect-TIME HIGHS

Important indices hit all-time highs over the route of the day, with the Dow ticking up over 18,600, the S&P 500 touching 2,187.sixty six, and the Nasdaq hitting five,238.fifty four in intra-day trading. 

that is the primary time all three indices closed at all-time highs due to the fact New 12 months's Eve on December 31, 1999, consistent with a tweet by Bespoke funding organization. 

nevertheless, this changed into the twenty first day in a row that the S&P 500 moved much less than 1% in both course. 

permit's head to the scoreboard: 

•Dow: 18,613.fifty two (+117.86, +0.sixty four%)

•S&P 500: 2,185.seventy nine (+10.30, +zero.forty seven%)

•Nasdaq: 5,228.forty (+23.eighty one, +0.46%)

•WTI Crude oil: $forty three.44 (+1.seventy three, +four.15%)

•10-year Treasury yield: 1.561 (+0.060, +four.00%)

•Olympic Medal remember: live updated with every united states's medal matter here.

1. Valeant's inventory slid following reports that it's below crook investigation. Federal investigators are considering bringing charges of defrauding buyers with its dating to forte pharmacy Philidor, said the Wall road magazine, mentioning unnamed sources familiar with the problem.

2. Shake Shack tumbled after lacking big on sales. The restaurant mentioned profits of $0.14 in line with proportion against expectations of $zero.13. revenue also beat at $66.five million for the quarter against expectations of $sixty three.15 million, in keeping with Bloomberg.

three. "we're in a deep kingdom of monetary disaster." In a televised deal with, Mongolia's finance minister stated that the projected budget deficit is $2.6 billion — or 21% of GDP — and that the u . s . a .'s ratio of government-debt-to-GDP will reach seventy eight% this year, above the goal of 55%. additionally, Mongolia's significant financial institution's foreign reserves are internet -$429 million.

four. New Zealand reduce rates, and its forex soared. The RBNZ reduced fees to a report low of 2.00%, and the financial institution's board cautioned that this wouldn't be the ultimate cut.

5. Citi seems to be beefing up its healthcare banking team. The company has promoted Jennifer Fox and Toby King as co-heads of North america healthcare banking, consistent with an inner memo seen by using business Insider.

6. Russia reported its "least horrific" GDP contraction since 2014. The Federal data carrier stated that preliminary data indicated that GDP shrank by way of 0.6% within the 2d area as compared to a 12 months earlier, an development from the preceding quarter's 1.2% contraction.