· The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.
· Investors have been anxious to hear who President Donald Trump will pick as the nominee. A decision like Powell would likely be a continuation of the current stock market-friendly monetary policy that has helped fuel the market’s more than eight-year bull run.
· Asia markets were mixed on Friday after stocks on Wall Street wobbled and European stocks stumbled overnight.
· Japan's Nikkei 225 was down 0.32 percent in early trade after the benchmark index notched its 13th straight positive close on Thursday. Politics were also in the spotlight as the country prepares to head to the polls on Oct. 22.
Reference: Reuters, CNBC
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