U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
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The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.
U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
Popular Searches
The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.
U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
Popular Searches
The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.
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Oil fell and Treasury yields were little changed.
By Cormac Mullen, Bloomberg
15 Dec 2020 09:20
Image: Kiyoshi Ota/Bloomberg
Asian stocks retreated with European futures Tuesday after a mixed Wall Street session, amid caution over economic risks from virus-related curbs and ongoing US fiscal stimulus talks. The dollar steadied.
A gauge of Asia-Pacific equities was set for its worst drop this month as shares fell in South Korea, Hong Kong and Japan, where the government suspended its nationwide travel campaign amid record coronavirus cases. Australian coal stocks slid on reports China formally banned imports. S&P 500 contracts edged higher after the gauge capped its longest slide since September to trade about 1.5% below its December 8 record. Oil fell and Treasury yields were little changed.
U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
Popular Searches
The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.