Stocks Close at Record Highs; Bond Yields Tumble: Markets Wrap
This content was published on April 15, 2021 - 20:04
April 15, 2021 - 20:04
(Bloomberg) U.S. stocks jumped to record highs with retail sales and weekly jobless claims data signaling an accelerating recovery in the world’s biggest economy. Yields on benchmark 10-year Treasury notes dropped the most since February.
The S&P 500 advanced to an all-time high, led by the real estate, health care and technology sectors. Financial shares declined with yields falling, even after Citigroup Inc. and Bank of America Corp. posted better-than-forecast trading revenue. The Dow Jones Industrial Average and the Nasdaq 100 indexes also reached all-time peaks.
(Bloomberg) U.S. stocks rose to record highs as investors cheered solid earnings reports and data signaling a recovery in the world’s biggest economy. Treasury yields fell. The S&P 500 advanced to an all-time high with retail sales and initial jobless claims topping estimates. Adding to the buoyant mood, Citigroup Inc. posted better-than-forecast trading revenue, sending its shares higher. BlackRock Inc. also advanced after its assets under management rose to a record $9 trillion in the first quarter. “The consumer is ready to go out and spend, after nearly a year of lockdowns from Covid-19,” said Vanessa Martinez, managing director and partner at The Lerner Group, a Chicago-based wealth management firm. “There is plenty of pent-up demand in the economy.” European equities climbed as electrical power firm ABB Ltd. boosted its sales guidance and miners rallied. The ruble slid as the Biden administration imposed new sanctions on some Russian debt, individuals and entities in
Stocks Hit Record; Yields Drop Most Since February: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Stocks rose with U.S. futures on Thursday as investors awaited key economic data and assessed earnings reports. Treasury yields fell. European equities climbed as electrical power firm ABB Ltd. boosted its revenue guidance and a rally in base metals lifted miners. Most Asian shares advanced, though gauges for Hong Kong and China fell as the Chinese central bank’s liquidity operations signaled it’s seeking to contain rising leverage. U.S. futures pointed to a rebound after indexes eased from all-time peaks on Wednesday, when a drop in cryptocurrency exchange Coinbase Global Inc. overshadowed strong bank earnings. Results are due later on Thursday from firms including Citigroup Inc., BlackRock Inc. and Bank of America Corp. The ruble slid with the Biden administration poised to take action against Russian individuals and entities in retaliation for alleged misconduct related to the SolarWinds hack and the U.S. election. Expectations of a strong economic recovery, combin
U S futures rise as earnings, data signal rebound bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.