S&P 500 Surges Past Record 4,000 on Growth Outlook: Markets Wrap
Bloomberg 5 days ago Olivia Raimonde and Kamaron Leach
(Bloomberg) U.S. stocks climbed to a record high on the first day of the second quarter as increased stimulus in the world’s largest economy fueled optimism about the global recovery.
Popular Searches
The benchmark S&P 500 Index closed above 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 gains, though value stocks also joined in on the rally. Treasuries rebounded after the worst quarter in decades. Oil climbed after the OPEC+ alliance agreed to increase production gradually over the next three months.
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.
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.