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Treasury Yields Reach 1%; Nasdaq Futures Tumble: Markets Wrap

Stocks Hold Gains After Capitol Chaos Halts Surge: Markets Wrap Bloomberg 1/6/2021 Rita Nazareth and Claire Ballentine (Bloomberg) U.S. stocks stabilized in the green, though remained well off session highs after protesters surged into the U.S. Capitol, forcing a lockdown that interrupted certification of the presidential election. Popular Searches The S&P 500 trimmed its advance to 0.6% at the close of trading in New York, after rallying as much as 1.5% earlier Wednesday. Equities had been on track for a record, buoyed by speculation that a Democratic control of Congress could unleash a torrent of spending to revive growth. That sparked a reflation trade, with investors pouring into small caps and banks, companies that benefit from an economic rebound. Tech shares lagged behind.

Stocks Pare Gains As Investors Weigh Unrest at Capitol

Provided by Dow Jones By Will Horner and Caitlin McCabe Investors piled into shares of economically sensitive companies and dumped big technology stocks Wednesday, betting Democrats are poised to take control of the Senate and usher in another round of stimulus. The Dow Jones Industrial Average, composed mostly of cyclical stocks, jumped about 400 points, or 1.3%, in recent trading, led by shares of banks and manufacturers. The yield on the benchmark 10-year U.S. Treasury note rose above 1% for the first time since March. Gold prices fell 2.3% their biggest one-day loss since early November. Earlier in the afternoon, the Dow had surged more than 600 points, briefly crossing the 31000 threshold for the first time on record. The index fell from hits highs as the U.S. Capitol was placed on lockdown Wednesday afternoon and multiple congressional buildings were evacuated amid protests outside, several news agencies reported.

Treasury Yields, Bitcoin And Small Caps Soar; Tech And Dollar Tumble On Possible Georgia Blue Sweep

Treasury Yields, Bitcoin And Small Caps Soar; Tech And Dollar Tumble On Possible Georgia Blue Sweep
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Tech Stocks Open Lower as Democrats Lead in Georgia Elections

Tech Stocks Open Lower as Democrats Lead in Georgia Elections 01/06/2021 | 10:48am EDT Send by mail : Message : By Will Horner Tech shares fell in early trading Wednesday as investors bet that the Democrats were poised to take control of the Senate following early results from Georgia s runoff elections. The Nasdaq Composite Index declined 1% on expectations that a Democrat-controlled Congress would lead to higher taxes and tighter regulations on tech giants. The broader S&P 500 fell 0.4%, while the Dow Jones Industrial Average lost 0.2%. The Russell 2000, which tracks smaller stocks, jumped in premarket futures trading. Both the Dow and Russell are filled with companies beaten down by the coronavirus pandemic that stand to benefit from higher fiscal spending.

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