U.S. Stocks Rise; Pound Gains on Brexit Deal: Markets Wrap
Bloomberg 12/24/2020 Kamaron Leach
(Bloomberg) U.S. stocks rose for a second day in holiday-shortened trading as investors monitored the latest developments on the congressional aid package, while the pound strengthened after a post-Brexit trade accord agreement was reached.
Technology and real estate shares led the S&P 500 led higher, with energy the only one of the benchmark index’s 11 sector groups to finish in the red. A scuffle over pandemic relief is set to run up against a federal funding deadline next week as Democrats side with President Donald Trump in his demand for $2,000 payments to most Americans. The dollar weakened and Treasury yields were little changed.
U.S. Stocks Rise; Pound Gains on Brexit Deal: Markets Wrap
Bloomberg 12/24/2020 Kamaron Leach
(Bloomberg) U.S. stocks rose for a second day in holiday-shortened trading as investors monitored the latest developments on the congressional aid package, while the pound strengthened after a post-Brexit trade accord agreement was reached.
Technology and real estate shares led the S&P 500 led higher, with energy the only one of the benchmark index’s 11 sector groups to finish in the red. A scuffle over pandemic relief is set to run up against a federal funding deadline next week as Democrats side with President Donald Trump in his demand for $2,000 payments to most Americans. The dollar weakened and Treasury yields were little changed.
U.S. Stocks Rise; Pound Gains on Brexit Deal: Markets Wrap
Bloomberg 12/24/2020 Kamaron Leach
(Bloomberg) U.S. stocks rose for a second day in holiday-shortened trading as investors monitored the latest developments on the congressional aid package, while the pound strengthened after a post-Brexit trade accord agreement was reached.
Technology and real estate shares led the S&P 500 led higher, with energy the only one of the benchmark index’s 11 sector groups to finish in the red. A scuffle over pandemic relief is set to run up against a federal funding deadline next week as Democrats side with President Donald Trump in his demand for $2,000 payments to most Americans. The dollar weakened and Treasury yields were little changed.
U.S. futures climbed with European stocks and the pound jumped as investors awaited the unveiling of a post-Brexit trade accord after both sides earlier agreed on an outline of the deal.
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Shares rose in Japan and in Australia.
By Adam Haigh, Bloomberg
24 Dec 2020 07:58
Image: Kiyoshi Ota/Bloomberg
Most Asian stocks climbed Thursday and the pound advanced as an outline of the post-Brexit trade deal appeared to soothe investor nerves heading into the Christmas holiday period.
Shares rose in Japan and in Australia, where trading ended early for the holidays. South Korean equities outperformed. US equity futures edged up after the S&P 500 finished on Wednesday just 0.1% higher. The Nasdaq Composite and Russell 2000 indexes set intraday records. Alibaba Group Holding Ltd. sank more than 8% in Hong Kong after China kicked off an investigation into alleged monopolistic practices at the tech giant.