Five Things You Need to Know to Start Your Day
Here are some of the things people in markets are talking about.
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U.S. stocks maintain their record run, while foreigners flee Japanese shares. Here are some of the things people in markets are talking about.
U.S. stocks eked out a gain to claim a fresh closing record Tuesday, while Treasury yields climbed as investors assessed the latest developments from the Trump administration’s trade policies. The S&P 500 fluctuated throughout the day, rising past 2,900 for the first time before slipping back below that level. Real estate and technology stocks paced the advance, while rate-sensitive shares retreated as the 10-year Treasury yield moved toward 2.90 percent. Bitcoin climbed for the fourth-successive weekday, breaking above both $7,000 and its 50-day moving average. The rally in emerging markets lost momentum, with the lira tumbling after Moody’s downgraded several Turkish banks.