Asia Stocks Track U.S. Gains; Treasuries Pare Drop: Markets Wrap
Bloomberg 1 hr ago Andreea Papuc
(Bloomberg) Stocks rose Thursday and U.S. equity futures were steady as the global recovery and President Joe Biden’s infrastructure plan helped traders look past escalating curbs from Covid-19 flareups. Bonds trimmed losses.
A gauge of Asia-Pacific shares was set for its first climb in three days, with Hong Kong leading gains, after data signaled regional manufacturing picked up. S&P 500 contracts were little changed while Nasdaq 100 and European futures edged up. The tech-heavy U.S. index rallied overnight, beating the S&P 500.
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S&P 500 surges past record 4,000 on growth outlook 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.
Stocks Climb to All-Time Highs on Growth Outlook: Markets Wrap
Bloomberg 22 mins ago Olivia Raimonde and Kamaron Leach
(Bloomberg) U.S. stocks rose to all-time highs as increased stimulus in the world’s largest economy fueled optimism about the global recovery. Oil gained as OPEC and allies prepared to debate production cuts in an online meeting.
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The S&P 500 Index rallied past 4,000 for the first time as investors weighed President Joe Biden’s newly unveiled $2.25 trillion spending plan ahead of Friday’s U.S. employment report, which is expected to show the quickest pace of hiring in five months. Technology shares led the rally, with investors again favoring growth over value stocks. Treasuries rebounded after the worst quarter in decades.
Asia Stocks Track U S Gains; Treasuries Hold Drop: Markets Wrap msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.