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Wall Street indexes touch record highs dodging N Korea, rate hike worries

Federal Reserve's upcoming meeting to act as the next catalyst


The three major Wall Street indexes inched up to record highs on Friday, as investors shrugged off North Korea's latest missile test and domestic economic data that did little to move the needle on the timing of an interest rate hike. Earlier in the day, Pyongyang fired a second missile in as many weeks over Japan, drawing criticism from global leaders but barely moving shares as investors await the next catalyst- the Federal Reserve's meeting on Sept 19-20. No monetary policy change is expected at the meet, but the odds of a December rate hike jumped on Thursday after a ...

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First Published: Fri, September 15 2017. 23:06 IST