U.S. Stocks Edge Higher, Bonds Rise as Oil Slips: Markets Wrap
- Focus turns to U.S. payrolls with fiscal stimulus elusive
- Crude slides below $48 a barrel, dollar also weakens
Panmure Gordon Sees Investors Back in U.S. Treasuries
U.S. stocks edged higher as earnings bolstered optimism in the economy before a raft of events that will set the tone on markets in the coming week. The yen touched a six-week low versus the dollar.
The S&P 500 Index’s pursuit of an all-time high took it within four points of the mark, with technology shares leading gains ahead of Apple Inc.’s earnings report after markets close Tuesday. Ford Motor Co. and General Motors Co. slid after April sales missed estimates. European shares advanced to the highest since August 2011. Treasury yields slipped, giving back gains sparked by a U.S. review of selling ultra-long bonds. The dollar was mixed versus major peers, while crude slipped below $48 a barrel.