U.S. Stocks Climb With Treasuries, Crude Oil Drops: Markets Wrap
- S&P 500 caps fifth straight gain, tying longest streak in 2019
- BP boosts Stoxx 600 despite chip maker warnings; euro slips
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U.S. stocks rose for a fifth day in muted trading as gains in technology shares outweighed a slump in financials sparked by falling Treasury yields. Crude fell below $54 a barrel.
The S&P 500 tied it longest rally of the year, with most major groups advancing, led by large-cap tech shares. Trading volume was 15 percent below the 30-day average. The measure twice rose to within a whisker of its 200-day moving average, a level it last topped in December, only to fall back. Earnings and economic data were mixed, giving investors little to trade on ahead of tonight’s address to the nation from President Donald Trump.