Stocks Surge to Record With Aid Deluge Imminent: Markets Wrap
Bloomberg 3/11/2021 Jeremy Herron and Vildana Hajric
(Bloomberg) U.S. stocks jumped to an all-time high, powered by a renewed rally in tech shares as investors eye a $1.9 trillion spending injection from the federal government.
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The S&P 500 reclaimed a record in a broad rally led by tech and consumer discretionary shares. The Nasdaq 100 Index surged more than 2.5% as it continued to rebound from a rout that had taken it 11% below its February record. Chipmakers paced the tech advance. Twitter Inc. jumped 5.7%, while Tesla Inc. continued its recovery. Korean e-commerce giant Coupang Inc. popped 41% in its market debut. Verizon Communications Inc. saw surging demand for its $25 billion debt sale.
Gold Advances for Third Day as Stimulus, Inflation in Focus yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Stocks Surge to Record With Aid Deluge Imminent: Markets Wrap
Bloomberg 3/11/2021 Jeremy Herron and Vildana Hajric
(Bloomberg) U.S. stocks jumped to an all-time high, powered by a renewed rally in tech shares as investors eye a $1.9 trillion spending injection from the federal government.
Popular Searches
The S&P 500 reclaimed a record in a broad rally led by tech and consumer discretionary shares. The Nasdaq 100 Index surged more than 2.5% as it continued to rebound from a rout that had taken it 11% below its February record. Chipmakers paced the tech advance. Twitter Inc. jumped 5.7%, while Tesla Inc. continued its recovery. Korean e-commerce giant Coupang Inc. popped 41% in its market debut. Verizon Communications Inc. saw surging demand for its $25 billion debt sale.
Tech shares rally as U S dollar weakens; oil jumps 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.