Mar 16, 2021
Stocks shook off an early stumble and closed broadly higher Monday, nudging some of the major U.S. indexes to more all-time highs as the market added to its recent string of gains.
The S&P 500 rose 0.7% after having been down 0.5% in the early going, extending its winning streak to a fifth day. Technology stocks, airlines, cruise operators and other companies that rely on consumer spending helped lift the market. Banks and energy stocks were the only laggards.
Wall Street continues to eye the bond market, where yields pulled back a bit from Friday’s sharp increase. Investors are also focused on the recovery of the U.S. and global economies from the coronavirus pandemic. The $1.9 trillion aid package for the U.S. economy has lifted investors’ confidence in a strong recovery from the pandemic in the second half of the year, but also raised concerns about a potential jump in inflation.
Asia shares mostly higher after US stocks gain for fifth day mooresvilletribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mooresvilletribune.com Daily Mail and Mail on Sunday newspapers.
Asian shares rose on Tuesday, cheered by a rally to all-time highs on Wall Street. Japan's benchmark Nikkei 225 rose 0.5% to finish at 29,921.09. South Korea's Kospi added 0.7% to 3,068.21. Australia's S&P/ASX 200 jumped 0.8% to 6,827.10. Hong Kong's Hang Seng gained 0.3% to 28,929.99, while the Shanghai…