Record Closing S & P Clinic Record Led by Financials By Investing.com

Investing.com – The S & P 500 set a new record, mainly due to the rise in financial stocks as US government bond yields rose ahead of the Federal Reserve 's rate decision. interest later this week.

The gain of 0.11% to close at an unprecedented peak of 2,943 while soared by 0.19% to 8,161.85, and the 0.04% added.

A few days before the Federal Reserve's decision on monetary policy on Wednesday, bank shares gained ground thanks to a rise, despite moderate inflation data.

The preferred measure of inflation by the Federal Reserve, the price index of personal consumption expenditure (PCE) excluding food and energy, slowed to settle at 1, 8% in the 12 months ended March.

Goldman Sachs (NYSE: NYSE :), Citigroup (NYSE: NYSE 🙂 and Morgan Stanley (NYSE: NYSE 🙂 closed higher as US bond yields rose despite weak economic data.

The values ​​of the communications services helped support the market as a whole, thanks to a rebound on Twitter (NYSE 🙂 while the social media company recorded gains compared to a week before, when it had published results well above the estimates of Investing.com.

FANG shares were also top of mind, with Facebook (NASDAQ 🙂 taking 2% more than its annual F8 developer conference scheduled for Tuesday. CEO Mark Zuckerberg is expected to provide more details on the company's plans to enhance user data security, particularly on its messaging applications.

Alphabet (NASDAQ :), meanwhile, slipped into trading after normal business hours after the release of the report, profit beating, but revenues being lower than Investing.com estimates.

In the industrial sector, Boeing's (NYSE 🙂 sluggishness was offset by a surge in Gardner Denver (NYSE 🙂 after a Wall Street Journal report announced that the industrial company was in talks for a merger with a division of Ingersoll-Rand.

The deal could be announced as early as next week, the newspaper reported.

Ingersoll could end up losing about 20% of its annual revenue and EBIT, likely leading the company to consider "further consolidation of the HVAC industry," RBC said.

Gardner Denver (NYSE 🙂 ended the day up 15.8% and Ingersoll-Rand (NYSE 🙂 was up 6.5%.

Energy stocks closed the day in stagnation as oil prices escalated into a positive settlement following renewed pressure from President Trump on OPEC to increase production and maintain a price cap.

Main winners and losers of the S & P 500 today:

Ingersoll-Rand (NYSE :), Archer-Daniels-Midland (NYSE 🙂 and Mattel (NASDAQ 🙂 were among the top winners of the S & P 500 for the session.

CH Robinson Worldwide (NASDAQ :), Coty (NYSE 🙂 and Weyerhaeuser (NYSE 🙂 have been among the worst of the session on the S & P 500.