U.S. Stocks Cap Best Quarter Since '09; Lyft Soars: Markets Wrap
- After raising $2.34 billion in IPO, Lyft surges in debut
- Pound declines after Parliament rejects May’s deal again
This article is for subscribers only.
Stocks climbed to round out a strong quarter and Treasuries fell amid hopes for a trade deal between the world’s two largest economies. The pound dropped as a political crisis in the U.K. deepened.
The S&P 500 Index posted its best quarter since 2009, and Lyft Inc. surged in its debut after investors rushed to get a piece of the first big U.S. technology listing this year. Treasury 10-year yields increased, following a plunge earlier in the week that triggered concern over an economic slowdown. The pound retreated as Britain edged closer to a general election after Parliament rejected Theresa May’s Brexit deal for a third time.