Stocks Rise for Fifth Straight Week; Oil Tumbles: Markets Wrap

  • Asian shares rise as MSCI plans to boost China weighting
  • Treasury 10-year note yields rise for third consecutive day
Cyclicals are ahead of themselves, according to James Bevan, CIO at CCLA Investment Management.Markets: European Open.” (Source: Bloomberg)
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U.S. stocks broke a three-day slide, led by a rally in shares of technology companies, propelling the benchmark S&P 500 to its fifth consecutive weekly gain. Treasuries fell, the dollar strengthened and oil slumped.