US Market Update: Day 3 of Rapid Action! Dow Closes Near Record High, S&P 500 Hits New Milestone

Bullish action in the US for the third consecutive day... Dow jumped 160 points and closed at the day's high, Dow near its 2-year high... 50 stocks of S&P 500 set a new record... Oracle's results disappointed , Oracle shares fell 10% in post market trading... Slowdown in other big IT stocks. US retail inflation data for November will come today... Inflation data, market trend strong before Fed meeting. Inflation is expected to be 3.1% in November, core inflation is expected to be 4%... 2-day FOMC meeting will start from today... Slight increase in 10 year bond yield... Gold below $2000 after about 3 weeks. ICE raw sugar fell to 6 month low... mixed business in Europe