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Feb 5 (Reuters) - U.S. stocks rose on Friday and the S&P and Nasdaq indexes registered their biggest weekly percentage gains since the U.S. elections in early November, boosted by optimism over earnings, stimulus talks and progress in vaccine rollouts.
The S&P 500 rose for a fifth straight session in its longest streak of gains since August. The benchmark index and the Nasdaq posted record closing highs for a second day.
Oil at 1-year high on OPEC+ output cut Benchmark bond yields rising, curves steepening Volatility index falls to regular levels Stealth China policy tightening in focus
LONDON, Feb 4 (Reuters) - Stock markets fought for a fourth day of gains as a near one-year oil price high, a revitalised dollar and rising bond yields turned attention to inflation and normalising economies.
With an easing of the WallStreetBets/Reddit retail trading tumult, markets were back in their comfort zone of corporate earnings, economic data and central bank meetings.
Oil was approaching $60 a barrel on Thursday after OPEC and its allies extended production cuts. London, Frankfurt and Paris share indexes edged 0.1%-0.5% higher, helped by more German stimulus and as the dollar’s renewed swagger pushed the euro back under $1.20.
Shares of GameStop Corp and others favored recently by retail investors fell further on Thursday, while U.S. Treasury Secretary Janet Yellen said she needed to "understand deeply" the trading frenzy that has gripped Wall Street.
U.S. Treasury Secretary Janet Yellen on Thursday vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action.
U.S. Treasury Secretary Janet Yellen and top regulators agreed that the core infrastructure of financial markets proved resilient during high volatility and heavy trading volume seen during the recent "Reddit rally" of GameStop Corp and other stocks, the Treasury Department.