(Bloomberg) Stocks rose and benchmark Treasury yields retreated for a second day amid optimism the economy will continue to benefit from government support. Technology shares led gains, with the Nasdaq 100 outperforming the benchmark S&P 500. Intel Corp. jumped 7% after the chipmaker named a new chief executive. Treasury received strong demand for a second consecutive day at a government debt sale, helping to send yields down from the highest levels since March. “Investors continue to focus on growing expectations for increased fiscal spending and promising economic prospects as the vaccine rolls out later this year,” said Ryan Nauman, market strategist at Informa Financial Intelligence’s Zephyr. “It’s all about resiliency here right now and equity markets continue to overlook and not be phased by all the chaos that’s out there.” In Washington, the House of Representatives is voting to impeach President Donald Trump for a second time. A Senate trial for Trump won’t li
U.S. stocks rise for second day; Treasury yields drop Claire Ballentine and Vildana Hajric, Bloomberg News
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Stocks rose and benchmark Treasury yields retreated for a second day amid optimism the economy will continue to benefit from government support.
Technology shares led gains, with the Nasdaq 100 outperforming the benchmark S&P 500. Intel Corp. jumped 7 per cent after the chipmaker named a new chief executive. Treasury received strong demand for a second consecutive day at a government debt sale, helping to send yields down from the highest levels since March.
âInvestors continue to focus on growing expectations for increased fiscal spending and promising economic prospects as the vaccine rolls out later this year,â said Ryan Nauman, market strategist at Informa Financial Intelligenceâs Zephyr. âItâs all about resiliency here right now and equity markets continue to overlook a
(Bloomberg) Stocks rose and benchmark Treasury yields retreated for a second day amid optimism the economy will continue to benefit from government support. Technology shares led gains, with the Nasdaq 100 outperforming the benchmark S&P 500. Intel Corp. jumped 7% after the chipmaker named a new chief executive. Treasury received strong demand for a second consecutive day at a government debt sale, helping to send yields down from the highest levels since March. “Investors continue to focus on growing expectations for increased fiscal spending and promising economic prospects as the vaccine rolls out later this year,” said Ryan Nauman, market strategist at Informa Financial Intelligence’s Zephyr. “It’s all about resiliency here right now and equity markets continue to overlook and not be phased by all the chaos that’s out there.” In Washington, the House of Representatives is voting to impeach President Donald Trump for a second time. A Senate trial for Trump won’t li
(Bloomberg) Stocks rose and benchmark Treasury yields retreated for a second day amid optimism the economy will continue to benefit from government support. Technology shares led gains, with the Nasdaq 100 outperforming the benchmark S&P 500. Intel Corp. jumped 7% after the chipmaker named a new chief executive. Treasury received strong demand for a second consecutive day at a government debt sale, helping to send yields down from the highest levels since March. “Investors continue to focus on growing expectations for increased fiscal spending and promising economic prospects as the vaccine rolls out later this year,” said Ryan Nauman, market strategist at Informa Financial Intelligence’s Zephyr. “It’s all about resiliency here right now and equity markets continue to overlook and not be phased by all the chaos that’s out there.” In Washington, the House of Representatives is voting to impeach President Donald Trump for a second time. A Senate trial for Trump won’t li
(Jan 13): Alimentation Couche-Tard Inc, the Canadian owner of Circle K convenience stores, is exploring a takeover of French grocer Carrefour SA in a roughly US$20 billion deal that would create a trans-Atlantic retail giant.
Couche-Tard’s initial proposal values the French company at about 20 euros per share, people with knowledge of the matter said. That would represent a roughly 29% premium to its Tuesday closing price.
Shares of Carrefour rose 14% in Paris on Wednesday, trading shy of 18 euros. Couche-Tard slipped 2.2% after a Bloomberg report on the talks, valuing the company at almost C$46 billion (US$36 billion).
Couche-Tard confirmed Tuesday that it has started “exploratory discussions” on a friendly deal with Carrefour.