The S&P 500 was heading toward another record close as shares advanced in New York along with oil and copper. Bitcoin flirts with $US52,000.
US stocks rose for a fourth day on Monday amid thin trading as traders evaluated prospects for economic growth and spiking coronavirus cases. The Treasury curve flattened.Investors began the week in New York in a good mood.P 500 headed toward another record close, with all major industry groups advancing. The tech-heavy Nasdaq 100 jumped more than 1 per cent, outperforming other benchmarks.
“We like this, we love to see the Santa Claus rally continue,” Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth, said on Bloomberg TV. “And I think the ability of equity markets to climb the wall of worry should not be underestimated.”& Anthony Fauci, President Joe Biden’s top medical adviser, indicated support for making vaccinations a requirement for domestic fights. Biden said he’s seeking to expand testing as demand surges.Co strategists said there’s little reason to fear that the rally that catapulted US stocks to successive records this year will end anytime soon. In fact, it may get broader.Asian stocks slipped.
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