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S&P, Nasdaq reverse to hit fresh highs on Tillerson comments

The Nasdaq Composite was up 0.49 points, or 0.01% at 6,532.21


The S&P 500 and the Nasdaq reversed course to scale new record highs on Wednesday after US Secretary of State Rex Tillerson denied reports that he had considered resigning. Tillerson spoke after reports that Vice President Mike Pence and other top officials intervened to persuade him not to resign during the summer as tensions rose with President Donald Trump. "I have never considered leaving this post," said Tillerson. "I am here for as long as the President feels I can be useful to achieving his objectives." Tillerson's comments come days after ...

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First Published: Wed, October 04 2017. 22:37 IST