S&P, Dow Soar to Record Highs as Trade Fears Abate: Markets Wrap
- Equities in Europe, Asia gain; Treasury yields hold above 3%
- Crude retreats; U.S. dollar slips; pound surges on retail data
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U.S. stock benchmarks reached new highs Thursday on news from China about tariff and currency moves that could ease trade tensions. Treasury yields remained near their highest level this year. The dollar slid.
The S&P 500 Index soared to a record close -- led by the technology, health-care and financial sectors -- lodging its biggest gain in over a month. The Dow Jones Industrial Average also reached a new pinnacle, with 28 of 30 constituents flashing green. Most European and Asian shares also gained.