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Stocks End Week at Records on Economic Optimism: Markets Wrap

Stocks End Week at Records on Economic Optimism: Markets Wrap This content was published on April 16, 2021 - 20:00 April 16, 2021 - 20:00 (Bloomberg) U.S. stocks ended the week at all-time highs as Chinese growth data added to signs of a global economic recovery. The dollar slipped. The S&P 500 Index capped its fourth straight weekly advance as the strong data from Asia joined a raft of robust readings in the world’s largest economy to boost sentiment. Chinese stocks outperformed in Asia after a report showed the nation’s economy soared in the first quarter. The Stoxx Europe 600 Index posted a seventh week of advances, its longest streak since May 2018.

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