Stocks Rise on Aid Talks as Bonds Drop After Fed: Markets Wrap
Bloomberg 12/16/2020 Rita Nazareth
(Bloomberg) Stocks rose on speculation that lawmakers are getting closer to a stimulus deal aimed at reviving the world’s largest economy. Treasuries fell as the Federal Reserve disappointed some traders who expected changes to the composition of bond purchases.
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The S&P 500 notched back-to-back gains after Senate Majority Leader Mitch McConnell said talks about fresh aid are still ongoing and he thinks “we’re gonna get there.” Retailers and technology shares drove the advance in the benchmark gauge amid thin trading volume. The Nasdaq 100 outperformed, while the Dow Jones Industrial Average dropped. Treasuries pared some of its losses, with the yield on 10-year notes remaining below 1%. Bitcoin surpassed $20,000 for the first time.
U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
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The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.
U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
Popular Searches
The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.
U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
Popular Searches
The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.