Wall St tops new highs on Democrat-driven stimulus hopes reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Global stock indexes were mostly higher and 10-year U.S. Treasury yields topped 1% for the first time since March but stocks ended off session highs after hundreds of protesters stormed the U.S. Capitol and sought to force Congress to undo President Donald Trump's election loss.
analysis
On the day the US Capitol building was stormed by a mob, Wall Street and Asian markets continued going up
ThuThursday 7
US Stocks rose while protestors marched on the Capitol building.
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The financial markets have their own message for the mob: you achieved nothing.
But it wasn t just Wall Street, Asian stock markets rallied as did Australia s benchmark S&P/ASX 200 index.
And it wasn t just stock markets flexing their muscles.
The US 10-Year Treasury Yield hit one per cent for the first time since March.
Interest rates rise when financial markets start to see better economic times ahead.
U.S. stocks roar on stimulus bets as Nasdaq jumps 2.5%
Rita Nazareth and Lu Wang, Bloomberg News
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Stocks rallied a day after violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency.
All major U.S. equity benchmarks notched all-time highs, with about 70 per cent of the companies in the S&P 500 in the green and the Nasdaq 100 jumping 2.5 per cent. The Dow Jones Transportation Average a proxy for economic activity also hit a record, while the Russell 2000 Index of small caps extended a three-day advance to almost 8 per cent. Tesla Inc. surged after RBC Capital Markets upgraded the stock, noting it was âcompletely wrongâ with a previous bearish view. Another notable call came from Goldman Sachs Group Inc., which said banks have âmoved back into vogueâ due to optim
Dow Advances 212, Nasdaq Climbs 327 tvnewscheck.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tvnewscheck.com Daily Mail and Mail on Sunday newspapers.