U S stocks edge back toward record highs; oil rallies 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.
Asian stocks are poised to churn lower on Wednesday as investors assess what the latest U.S. inflation reading means for aid prospects, and with some major markets closed for holidays. Treasuries gained.
U.S. Stocks Snap Two-Day Slide; Treasuries Drop: Markets Wrap
Bloomberg 2/11/2021 Andreea Papuc and Adam Haigh
(Bloomberg) U.S. stocks rose to a record with a late-session advance, while Treasuries slipped as a decline in jobless claims signaled a modest firming of the labor market.
The S&P 500 Index halted a two-day decline. Gains for tech shares lifted the Nasdaq 100 to a bigger advance. Ten-year Treasury yields rose to about 1.15%. In Europe, the Stoxx 600 Index was buoyed by strong results from Royal Mail Plc and Credit Agricole SA.
Applications for U.S. state unemployment benefits fell slightly last week in a sign that the labor market is still gradually improving as the vaccine rollout continues and business restrictions ease. After a sharp run-up in equities at the start of February, U.S. stocks have taken a pause as investors weighed the implications of the latest inflation data.
U.S. Stocks Snap Two-Day Slide; Treasuries Drop: Markets Wrap
Bloomberg 2/11/2021 Andreea Papuc and Adam Haigh
(Bloomberg) U.S. stocks rose to a record with a late-session advance, while Treasuries slipped as a decline in jobless claims signaled a modest firming of the labor market.
The S&P 500 Index halted a two-day decline. Gains for tech shares lifted the Nasdaq 100 to a bigger advance. Ten-year Treasury yields rose to about 1.15%. In Europe, the Stoxx 600 Index was buoyed by strong results from Royal Mail Plc and Credit Agricole SA.
Applications for U.S. state unemployment benefits fell slightly last week in a sign that the labor market is still gradually improving as the vaccine rollout continues and business restrictions ease. After a sharp run-up in equities at the start of February, U.S. stocks have taken a pause as investors weighed the implications of the latest inflation data.