U.S. Stocks Rally to Record on Earnings Surprises: Markets Wrap
- Twitter, Hasbro, Lockheed rise after first-quarter results
- Crude extends gains as U.S. plans to end waivers for Iran oil
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U.S. stock gauges closed at record highs on the back of better-than-forecast earnings while the dollar strengthened and Treasury yields dipped.
The S&P 500 Index and the Nasdaq Composite marked new milestones as Twitter, Lockheed Martin and Hasbro climbed following favorable first-quarter reports, adding to a rally led by the biggest technology companies. The gains cap a momentous run for U.S. equities, with the larger gauge of U.S. stocks up 25 percent from a low reached on Christmas Eve.