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Banks lead Wall St to a high, helped by Powell comments


Banks lead Wall St to a high, helped by Powell comments

New Delhi, Nov 29 (ANI): The Wall Street hit new records on Tuesday led by bank stocks as investors seized on strong consumer confidence data and comments from United States President Donald Trump's nominee to lead the Federal Reserve, Jerome Powell. Bank stocks like JP Morgan Chase and Bank of America were fuelled by his comments on interest rates and deregulation.

The Conference Board's consumer confidence index also surged to a near 17-year high in November. The shares of the restaurant chain, Buffalo Wild Wings, flew higher after the owner of Arby's, Roark Capital bought it for about USD 2.4 billion.

European shares were boosted by gains in Royal Dutch Shell and online retailer Ocado.

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