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:
Stocks
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%.
Currencies
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.
Bonds
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%.
Commodities
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
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies