Stocks Mixed, Bonds Climb Amid Stimulus Stalemate: Markets Wrap
Bloomberg
12/10/2020
Rita Nazareth and Kamaron Leach
(Bloomberg) -- Stocks were mixed as traders assessed prospects for fresh stimulus amid the most-intense negotiations since Election Day.
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The S&P 500 came off session lows, while still posting back-to-back losses. The Nasdaq 100 rebounded from Wednesday’s selloff and the Dow Jones Industrial Average underperformed. Airbnb Inc. more than doubled in its trading debut. Treasuries gained after a strong 30-year bond auction dispelled concerns that this week’s debt sales could prove too large to be palatable for investors. The pound slid as U.K. Prime Minister Boris Johnson warned Britain should prepare to leave the European Union’s single market without a trade deal.