Stocks Edge Up, Bonds Pare Drop as Caution Rises: Markets Wrap
- Dollar erases Wednesday loss; koruna gains after cap is lifted
- European shares trim slump; gold retreats as oil gains
Kleinwort Hambros CIO Says S&P 500 Is Overvalued
This article is for subscribers only.
U.S. stocks ended higher after paring gains, Treasury losses eased and gold rose as a note of caution spread on financial markets with Donald Trump meeting his Chinese counterpart amid rising geopolitical tensions.
The S&P 500 Index edged higher as energy shares climbed after crude reached a one-month high. Treasury yields were little changed as an official said the Pentagon is actively weighing military options against Syria and Trump is meeting with Xi Jinping following a series of missile tests by North Korea’s regime. The dollar rebounded after falling on the Federal Reserve’s signal that it intends to shrink its balance sheet. Oil reached a one-month high.