The S&P and Dow hit record highs on Thursday, led by surge in tech stocks on easing fears about a disorderly rise in U.S. rates, with some on Wall Street calling the recent selloff a “golden opportunity” to load up on growth.
Gold was up on Thursday morning in Asia, hitting a one-week peak as investors digested further progress on a massive U.S. stimulus package and U.S. inflation data that fell below expectations.
The dollar languished near one-week lows on Thursday after benign data on U.S. consumer prices and a decline in Treasury yields led some investors to trim bets on a rapid acceleration in inflation.
Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month’s Texas storm.
sian stocks extended their rebound from a two-month low on Thursday after a report on U.S. consumer prices calmed concerns about inflation and lifted the Dow Jones Industrial Average to a record close.
he Dow jumped to fresh record highs Wednesday, led by value stocks and ongoing optimism for a stronger recovery with another wave of fiscal stimulus, while tech stocks gave up gains even as U.S. rates fell on signs that inflation remains tame.