Nasdaq 100 Rallies 2% After Strong Economic Data
April 06, 2021 @ 10:59 +03:00
Stocks climbed toward another record after solid U.S. economic data added to evidence the recovery is gaining momentum. The dollar retreated while Treasuries were mixed. Most major groups in the S&P 500 rose, with the gauge extending gains into a third session.
Some key events to watch this week:
U.S. Federal Reserve publishes minutes from its March meeting on Wednesday.
Japan releases its balance of payments numbers Thursday.
China’s consumer and producer prices data are due Friday.
Fed Chairman Jerome Powell takes part in an IMF panel on the global economy Friday.
These are some of the main moves in markets:
The S&P 500 rose 1.4% as of 1:22 p.m. New York time.
The Dow Jones Industrial Average added 1.2%.
The Nasdaq Composite Index climbed 1.4%.
The Bloomberg Dollar Spot Index decreased 0.3%.
The euro climbed 0.5% to $1.1816.
The Japanese yen appreciated 0.5% to 110.09 per dollar.
The yield on two-year Treasuries sank two basis points to 0.17%.
The yield on 10-year Treasuries fell one basis point to 1.71%.
The yield on 30-year Treasuries gained less than one basis point to 2.36%.
West Texas Intermediate crude dipped 5.8% to $57.86 a barrel.
Gold was little changed at $1,728.36 an ounce.
Nasdaq 100 Rallies 2% After Strong Economic Data: Markets Wrap, Bloomberg, Apr 6