Bitcoin plunges: A bust or a buy? channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
5 Min Read
NEW YORK/LONDON (Reuters) -Commodity prices jumped, the dollar slid to a two-month low and major global equity indexes scaled record peaks on Friday after weak U.S. jobs data for April tamped down fears that a booming economy would spark inflation and higher interest rates.
The data eased worries the Federal Reserve would reduce its massive stimulus program anytime soon and was seen as helping President Joe Biden push through his plans for trillions of dollars in new spending on infrastructure and education.
The yield on the benchmark 10-year U.S. Treasury note slid to a two-month low of 1.469% before rebounding. Gold posted its biggest weekly gain - about 3.5% - since early November and copper shot to a new high, past a record set a decade ago.
Stocks at new peaks, commodities jump on U S jobs data reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Financials lead gains among S&P 500 sectors Indexes up: Dow 0.18%, S&P 0.18%, Nasdaq 0.17% (Updates to open)
April 26 (Reuters) - Wall Street’s main indexes rose on Monday as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies.
Tesla Inc rose 1.1% as analysts expect the company to report a rise in first-quarter revenue when it reports after markets close following record deliveries during the period.
About 40% of the S&P 500’s market cap report from Tuesday through Thursday, including tech and related heavyweights Microsoft Corp, Google parent Alphabet Inc, Apple Inc and Facebook Inc. Shares of the companies were mixed in early trading.
The Nasdaq index looked set to open lower on Monday as big technology stocks retreated ahead of first-quarter results later this week, while investors awaited…