S&P 500, Nasdaq Hit Records on Tech Lift<br />Shehriyar Antia said that Rates and equities have priced in the current Fed regime continuing, which is a relatively sanguine path for the economy,<br />Ryan Detrick said that It really sums up kind of what we saw all month and all quarter, another calm day,<br />(Reuters) - The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in<br />technology stocks, while each of the major indexes closed out the quarter with solid gains.<br />Financials received a brief lift and hit their session high after reports President Donald Trump’s met<br />with former Federal Reserve Governor Kevin Warsh to discuss his potential nomination as Fed chairman.<br />Data on Friday showed U. S. consumer spending barely rose in August but the report did little to change expectations<br />that the central bank would raise interest rates again in December<br />The S&P and Nasdaq closed at records for the third straight day and the benchmark S&P index posted its sixth straight month of gains.
