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Markets

Wall Street lifted to record high by economic hopes

Opening sequence

Opening sequence

Markets

Wall Street lifted to record high by economic hopes

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COMING UP:Wall Street lifted to record high by economic hopes

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Transcript

00:00:02
>> WallStreet kicking off the new week with the fresh record high of the S&P 500. I'm Reuter's reporter coming in get New York. The rally being fueled by optimistic signs, here and abroad. Investors in the U.S., are still jumping up and down with glee with the strongest job creation all year pointing to an economy that's getting stronger instead of getting weaker as feared.
00:00:26
Renewed confidence in the global economy also behind Monday's rally with the UK moving quickly in transitioning to a new prime minister, there's less fear out there that Brexit will place a lasting negative impact on the world's economies. UK finance minister George Osborne is in New York trying to make sure investor confidence holds up.
00:00:47
>> Now we to send the message out clearly we're open for business. And there's optimism that Japan's ultra easy monetary policy will continue after a resounding political victory for the current ruling party. With global economic fears fading investors now betting orders for tech equipment will quickly rebound. Chipmaker Nvidia surging to an all time high.
00:01:10
Another big winner? GoPro, rallying 13% in its second best day of the year. The S&P 500 setting a new record for the first time in over a year. But experts worry the stock market may be getting too rich. Earning season begins this week. And analysts predict this will be the fourth straight quarter of falling profits.
00:01:32
That's something not seen since the financial crisis.