The Globe and Mail Published March 11, 2021 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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The TSX, S&P 500 and the Dow all hit all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly U.S. jobless claims and the signing of a massive stimulus bill reinforced expectations of a strong recovery.
The S&P/TSX Composite Index closed up 154.57 points, or 0.83%, at 18,844.57. Energy stocks gained 0.94% as oil prices rose more than 2% on a weaker U.S. dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S. fuel stocks and a resumption of operations by Texas refiners.
World stocks rose to their highest in just over a week on Thursday after a report on U.S. consumer prices calmed investor nerves about inflation and lifted the Dow Jones Industrial Average to a record close.
A gauge of global stocks climbed for a third straight session on Thursday to hit its highest level in two weeks, as a dip in government bond yields helped ease inflation worries and provided a boost to equities.
Asia stocks soar as receding inflation worries bolster confidence - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
World stocks hit highest in a week as inflation worries ebb - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.