Nasdaq Jumps Most in 4 Months in Risk-On Revival: Markets Wrap
Bloomberg 3/9/2021 Vildana Hajric
(Bloomberg) Investors poured back into the market’s riskiest assets Tuesday as dip-buyers powered the Nasdaq 100 to its biggest rally since November and sent Bitcoin back toward a record. Treasuries added to gains after a note auction.
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Stay-at-home winners surged after being left for dead as vaccinations pick up and Democrats move to inject $1.9 trillion into the economy. Treasury yields pulled back from recent highs sparked by worries a potential overshoot in the economy will bring inflation. For a day, at least, the rotation from growth shares to value reversed violently. Here are some of the major moves:Tesla Inc. jumped 20% in its best day in a year.Peloton Interactive Inc., DocuSign Inc. and Pinduoduo Inc. rallied more than 11%.Financial firms and energy producers, recent winners, were the only two S&P 500 groups to retreat.Spot gold surg
Nasdaq rallies 4% in risk-asset revival; oil drops
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Nasdaq leads surge in futures as bonds rebound
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