Asia Stocks Track U.S. Gains; Treasuries Pare Drop: Markets Wrap
Bloomberg 1 hr ago Andreea Papuc
(Bloomberg) Stocks rose Thursday and U.S. equity futures were steady as the global recovery and President Joe Biden’s infrastructure plan helped traders look past escalating curbs from Covid-19 flareups. Bonds trimmed losses.
A gauge of Asia-Pacific shares was set for its first climb in three days, with Hong Kong leading gains, after data signaled regional manufacturing picked up. S&P 500 contracts were little changed while Nasdaq 100 and European futures edged up. The tech-heavy U.S. index rallied overnight, beating the S&P 500.
Stocks Climb to All-Time Highs on Growth Outlook: Markets Wrap
Bloomberg 22 mins ago Olivia Raimonde and Kamaron Leach
(Bloomberg) U.S. stocks rose to all-time highs as increased stimulus in the world’s largest economy fueled optimism about the global recovery. Oil gained as OPEC and allies prepared to debate production cuts in an online meeting.
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The S&P 500 Index rallied past 4,000 for the first time as investors weighed President Joe Biden’s newly unveiled $2.25 trillion spending plan ahead of Friday’s U.S. employment report, which is expected to show the quickest pace of hiring in five months. Technology shares led the rally, with investors again favoring growth over value stocks. Treasuries rebounded after the worst quarter in decades.
Asia Stocks Track U S Gains; Treasuries Hold Drop: Markets Wrap msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Stocks Rise on Growth Outlook With Jobs in Focus: Markets Wrap
Bloomberg 31 mins ago Andreea Papuc and Srinivasan Sivabalan
(Bloomberg) U.S. index futures rose with stocks as signs of faster job creation in the world’s largest economy fueled optimism about the global recovery. Oil climbed above $60 per barrel before a meeting of OPEC and allies on extending production cuts.
Contracts on the S&P 500 Index advanced before Friday’s U.S. nonfarm payrolls data that may show the quickest pace of hiring in five months. Nasdaq 100 futures increased about 1%, while technology stocks gained in premarket trading. The Stoxx Europe 600 gauge headed for the longest streak of weekly gains this year. Longer-dated Treasury yields fell as investors weighed delivery challenges to Joe Biden’s $2.25 trillion stimulus plan.