Stocks Climb on Solid Jobs Data; Bond Yields Slump: Markets Wrap
(Bloomberg) -- A rally in companies that stand to benefit the most from an economic rebound drove stocks higher after solid jobs data and encouraging results from Pfizer Inc.’s Covid-19 pill study. Treasury 10-year yields sank below 1.5%. All major equity benchmarks climbed to records, with the S&P 500 posting its fifth consecutive weekly rally -- the longest since August 2020. Industrial and commodity shares outpaced technology firms, though the Nasdaq 100 still rose for a 10th straight day. Airlines, cruise operators, hotels and small caps jumped. Pfizer’s chief told Bloomberg Television...
Source: swissinfo.ch