World stocks hit a record high on Wednesday after strong earnings and the prospect of tax cuts for corporate America boosted U.S. shares and the euro held on to recent gains as political concerns in France ebbed.
Global equity markets rallied on Monday to lift a gauge of world stock indexes to a fresh peak, while the euro briefly jumped to a five-month peak against the U.S. dollar as the first round of an election in France went to the market's preferred contender.
U.S. stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher. The credit card company closed up 5.9% as the top boost to the Dow Industrials after reporting a smaller-than-expected drop in quarterly profit late Wednesday.
A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board, without ties to Chief Executive Elon Musk, to "provide a critical check on possible dysfunctional group dynamics."
The March jobs number was weak at 98,000, but mining added 4,000, construction 49,000 and manufacturing added 30,000. There is the good and the bad, but let’s be clear, anything under six figures is nothing to write home about. Is this President Donald Trump’s fault? I don’t think so, but if he is going to take a lot of the credit when the report is good at this early stage of the game, he is going to have to accept some of the blame when it’s not good. That’s how this game works.