The record hunt on the US stock exchanges has continued

The record hunt on the US stock exchanges has continued. Both the market-wide S&P 500 and the Nasdaq indices hit new all-time highs. The Dow Jones index, however, was mainly pushed into the red by heavyweight Boeing. The index lost 0.4 percent to 34,283 points. The S&P 500 gained 0.2 percent. The technology-heavy Nasdaq composite advanced 1.0 percent, supported by falling market rates. 1,348 (Friday: 1,755) price winners were seen, compared to 2,045 (1,526) losers. 124 (179) titles went unchanged from the market. Traders expect low momentum trading through Friday when the June employment report is released. Shares are likely to do well as long as money managers hold on to their belief that the current rise in inflation will ease off again and that market rates will remain at a relatively low level, explained investment strategist Edward Park of Brooks Macdonald. "Investors have the option of losing money to fixed income inflation, losing it in the form of cash, or investing it in risky assets." Frank Oland, chief strategist at Danske Bank, believes the US stock market has further potential in the medium term. "But of course the US growth momentum has probably peaked, so the data will start to look less impressive - and that could be a cause for concern." Danske's market strategists are scaling back their US credit exposure and shifting to Europe. The market was slowed somewhat by the global headlines about the delta variant of the coronavirus. In the US, 46.1 percent enjoy complete vaccination protection, and 66 percent of Americans are vaccinated at least once. But that is not enough to keep the more infectious Delta variant completely in check, warn traders.