U.S. stocks pare weekly gain as dollar advances
Adam Haigh, Bloomberg News VIDEO SIGN OUT
U.S. stocks slipped from records as investors grew anxious that the virus will hamper growth for longer than expected and Democrats may struggle to get a nearly US$2 trillion spending bill through Congress.
The S&P 500 Index fell for the first time in four days, with losses widening on reports that the new virus strain may be deadlier. It rose 1.9 per cent in the week. Oilâs slump dragged energy companies lower, while Intel Corp. dropped after its new boss recommitted to chipmaking, a move opposed by some investors. Yields on Treasuries edged lower, and crude oil slid below US$53 a barrel. Bloombergâs dollar index rose for the first time in five sessions.
U.S. Stocks Pare Weekly Gain; Dollar Advances: Markets Wrap
Bloomberg 1/22/2021 Lu Wang
(Bloomberg) U.S. stocks slipped from records as investors grew anxious that the virus will hamper growth for longer than expected and Democrats may struggle to get a nearly $2 trillion spending bill through Congress.
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The S&P 500 Index fell for the first time in four days, with losses widening on reports that the new virus strain may be deadlier. It rose 1.9% in the week. Oil’s slump dragged energy companies lower, while Intel Corp. dropped after its new boss recommitted to chipmaking, a move opposed by some investors. Yields on Treasuries edged lower, and crude oil slid below $53 a barrel. Bloomberg’s dollar index rose for the first time in five sessions.
U.S. Stocks Pare Weekly Gain; Dollar Advances: Markets Wrap
Bloomberg 1/22/2021 Lu Wang
(Bloomberg) U.S. stocks slipped from records as investors grew anxious that the virus will hamper growth for longer than expected and Democrats may struggle to get a nearly $2 trillion spending bill through Congress.
Popular Searches
The S&P 500 Index fell for the first time in four days, with losses widening on reports that the new virus strain may be deadlier. It rose 1.9% in the week. Oil’s slump dragged energy companies lower, while Intel Corp. dropped after its new boss recommitted to chipmaking, a move opposed by some investors. Yields on Treasuries edged lower, and crude oil slid below $53 a barrel. Bloomberg’s dollar index rose for the first time in five sessions.
Asian stocks looked set to climb Thursday after the S&P 500 reached a record on optimism that fiscal spending will revive growth and bolster corporate earnings. The dollar weakened.