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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Surging tech shares help U.S. stocks pad records. Trading volume in the offshore yuan is on the rise, and Argentina and Turkey return to drag on emerging markets. Here are some of the things people in markets are talking about.
U.S. stocks plowed to new records amid a broad rally in technology shares, as investors speculated the Trump administration will make progress this week on trade spats. The S&P 500 Index rose a fourth day to close above 2,900 for the first time, as Amazon.com and Alphabet climbed following an upbeat report from Morgan Stanley. The Nasdaq indexes hit fresh highs. The dollar weakened versus major peers and Treasuries slipped. The pound rallied after the European Union revived hopes of a Brexit deal before the U.K. exits the common area in March, while the euro weakened after the Italian government was reported to be hoping for a new program of European Central Bank bond purchases.