Stocks Rise to Records as Dollar, Bond Yields Fall: Markets Wrap
- West Texas crude erases advance, natural gas rallies
- Traders still shaken by concerns that sparked Wednesday drop
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U.S. stocks rebounded from the first retreat of the year to set fresh records, as resource producers and industrial shares rallied on optimism in the global economy. The dollar fell and Treasuries halted a decline.
The S&P 500 Index pushed its gain in 2018 to 3.5 percent, while small caps and tech shares rose to all-time highs. The Dow Jones Industrial Average also hit a record. The 10-year Treasury yield fell to 2.53 percent, while 30-year yields slumped after an auction. Bonds halted a slide sparked by rising concerns on inflation and the potential for fewer purchases by China. Oil was little changed after erasing a gain that took it to a three-year high. U.S. natural gas futures spiked higher.