(Bloomberg) Stocks rose and benchmark Treasury yields retreated for a second day amid optimism the economy will continue to benefit from government support. Technology shares led gains, with the Nasdaq 100 outperforming the benchmark S&P 500. Intel Corp. jumped 7% after the chipmaker named a new chief executive. Treasury received strong demand for a second consecutive day at a government debt sale, helping to send yields down from the highest levels since March. “Investors continue to focus on growing expectations for increased fiscal spending and promising economic prospects as the vaccine rolls out later this year,” said Ryan Nauman, market strategist at Informa Financial Intelligence’s Zephyr. “It’s all about resiliency here right now and equity markets continue to overlook and not be phased by all the chaos that’s out there.” In Washington, the House of Representatives is voting to impeach President Donald Trump for a second time. A Senate trial for Trump won’t li
Futures Fall Ahead Of Key Inflation Print On Impeachment Wednesday
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U S stocks fluctuate while U S dollar strengthens
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(Bloomberg) Stocks rose and benchmark Treasury yields retreated for a second day amid optimism the economy will continue to benefit from government support. Technology shares led gains, with the Nasdaq 100 outperforming the benchmark S&P 500. Intel Corp. jumped 7% after the chipmaker named a new chief executive. Treasury received strong demand for a second consecutive day at a government debt sale, helping to send yields down from the highest levels since March. “Investors continue to focus on growing expectations for increased fiscal spending and promising economic prospects as the vaccine rolls out later this year,” said Ryan Nauman, market strategist at Informa Financial Intelligence’s Zephyr. “It’s all about resiliency here right now and equity markets continue to overlook and not be phased by all the chaos that’s out there.” In Washington, the House of Representatives is voting to impeach President Donald Trump for a second time. A Senate trial for Trump won’t li