(Bloomberg) U.S. stocks eked out a gain to close at a record with tech shares lifting the major indexes on anticipation that more fiscal spending will revive economic growth and bolster corporate earnings. The dollar weakened. The S&P 500 Index rose a bit omre than one point, while the Nasdaq indexes rose at least 0.5%. Risk appetite has gotten a boost from President Joe Biden’s push for nearly $2 trillion in additional spending and plans to jumpstart a federal response to the pandemic. Benchmark Treasury yields remained higher after initial jobless claims posted a small decline. U.S. equities remained at records with stretched valuations as earnings continue to roll in. Intel Corp. reported fourh-quarter revenue that topped expectations. Investors continue to bet on another stimulus package from Biden as the president ramps up the fedearl response to the pandemic. European Central Bank President Christine Lagarde warned the virus continues to pose a serious risk after policy maker
U.S. stocks eked out a gain to close at a record with tech shares lifting the major indexes on anticipation that more fiscal spending will revive economic growth and bolster corporate earnings. The dollar weakened.
U.S. equity futures rose with European stocks on Wednesday, buoyed by earnings and hopes for more stimulus. The dollar edged lower alongside Treasuries.
U.S. stocks rallied to all-time highs as investors grew optimistic that recent federal spending will revive growth and bolster corporate earnings. Treasuries were little changed while the dollar weakened.
Asian stocks looked set for a muted start Wednesday after their U.S. peers rebounded from Friday’s selloff as traders parsed the latest earnings reports. The dollar retreated.