• Dow Jones Index, S & P 500 Hits Record High
  • The dollar slumps at a one-month low on a dovish Federal Reserve board bet
  • The Pan-European STOXX 600 Index (.STOXX) is also a record high
  • Chinese stocks bounce, but still plunge in the week

New York, July 29 (Reuters)-Strong corporate earnings and strong economic growth data hit record highs for US equities on Thursday, but the Federal Reserve Board’s message earlier this week diminishes stimulus. That wasn’t in a hurry, so I fixed the dollar at 1-the Fed.

After a series of strong earnings reports from Ford Motor Company companies (FN) To Yum Brands Inc, the owner of KFC (YUM.N) Overnight, investors were further encouraged by data showing that the US economy grew at a solid annual rate of 6.5% in the second quarter. read more

Tim Grisky, chief investment strategist at Inverness Counsel in New York, said he manages $ 4 billion in assets. “I look forward to continued good…

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