Market Snapshot: Dow inches closer to 20,000, even with Fed rate hike in view

The Dow Jones Industrial Average showed no sign of breaking its record run on Tuesday, even as investors started to brace for a U.S. interest rate hike this week.

Futures for the blue-chip benchmark YMZ6, +0.36% climbed 59 points, or 0.3%, to 19,781. If the Dow opens higher and keeps its gain through the session, it will log its seventh consecutive record close. The benchmark on Monday bucked a negative trend across the U.S. stock markets and closed at an all-time high.

“U.S. markets are still celebrating the idea of a pro-business administration coming into the White House, but the accompanying inflationary aspects don’t seem to be fully accounted for.

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