Kate McKinley to Become Chief Legal Officer of Allspring Global Investments
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Kate McKinley to Become Chief Legal Officer of Allspring Global Investments
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) U.S. stocks lingered near all-time highs and Treasury yields declined after a report showed consumer sentiment fell to the lowest level in nearly a decade. The dollar weakened and crude oil slumped. The S&P 500 set another intraday record high before turning little changed, with consumer staples and communication services stocks such as Netflix and Walt Disney leading the gains. Financial and energy sectors declined. The benchmark index has almost doubled since the pandemic lows reached in March 2020, with the energy sector the biggest gainer during that period. Disney jumped after its streaming subscriptions beat estimates. European stocks posted the longest winning streak since 1999. “The market’s pushing all of this bad news away,” said Matt Forester, chief investment officer of BNY Mellon’s Lockwood Advisors. Still, the U.S. equity rally slowed after data showed the University of Michigan’s preliminary sentiment index fell by 11 points to 70.2, the lowest si