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US STOCKS-S&P 500, Nasdaq set to open higher on tech boost
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S&P 500 scales new record high on tech boost - Netscape Money & Business
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NEW YORK (Reuters) - U.S. stocks inched higher and Treasury yields regained some ground following release of the Federal Reserve’s minutes, in which the central bank said that while showing signs of progress, the economic recovery remains far from complete.
FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File Photo
All three major U.S. stock indexes gained some ground and the S&P 500 and the Dow were last in positive territory, with economically-sensitive small caps and transports lagging.
“The absence of any bad news has the market up some,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
Graphic: World FX rates tmsnrt.rs/2egbfVh (Updates to U.S. market open; changes dateline; previously LONDON, changes byline)
NEW YORK, April 7 (Reuters) - U.S. stocks were modestly higher, while Treasury yields pressed “pause” on Wednesday in anticipation of the afternoon release of the Federal Reserve’s minutes, which investors will dissect for clues regarding the central bank’s economic outlook.
All three major U.S. stock indexes were in positive territory, with economically sensitive small caps and transports lagging.
“The market is on hold until we get some indication from the Fed,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “I think they’ll repeat what they’ve been saying all along. And the recent decline of Treasury yields more or less plays into their hands.”
GLOBAL MARKETS-Wall Street edges up, Treasury yields consolidate in advance of Fed minutes
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