U.S. Stocks at Records Amid Earnings, Metals Rally: Markets Wrap
- S&P 500, Nasdaq touch intraday records as banks, miners gain
- Treasuries fall as yield on 10-year note rises above 2.45%
U.S. Actions vs. Mnuchin's Words on Dollar
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U.S. stocks rose the most in three weeks, sending the S&P 500 Index to an all-time high, while Treasuries tumbled as investors resumed bets that growth in the world’s largest economy is set to accelerate. Commodities rallied.
The Nasdaq Composite Index also climbed to a record, with materials producers leading gains as copper and aluminum advanced. Housing stocks surged after the largest U.S. builder delivered earnings, while engineering firms gained as President Donald Trump took steps to advance construction of oil pipelines. Banks jumped as the yield on the 10-year Treasury note climbed back above 2.45 percent. Crude topped $53 a barrel.