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Stocks Finish Higher on Technology, Media Gains: Markets Wrap

  • Dollar advances; financial shares drop; Nasdaq hits new high
  • European shares rise on Draghi’s dovish tone; euro declines
Bloomberg business news
ECB Did What Markets Expected Them to Do, Says UBSDaybreak: Europe. (Source: Bloomberg)
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U.S. stocks closed higher on gains by big technology and media companies, outweighing laggard financial and industrial shares. The dollar hit an 11-month high and 10-year Treasury yields tightened.

Comcast Corp. and Walt Disney Co. were among the big gainers in the S&P 500 Index Thursday as bidding for 21st Century Fox Inc.’s entertainment assets heated up. Facebook Inc., Amazon.com Inc. and other tech giants also climbed, sending the Nasdaq Composite Index to a record high. But banks lagged thanks to a flattening yield curve.