Stocks Surge to Record Highs; Treasuries Decline: Markets Wrap
- Dollar, Treasury yields rise on U.S. economic growth optimism
- S&P 500 trading was below 30-day average ahead of Thanksgiving
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U.S. equities rallied as the risk-on mood that’s driven American benchmarks to consecutive record highs showed few signs of abating. The dollar strengthened and Treasury yields rose.
The S&P 500, Nasdaq Composite and Dow Jones Industrial Average closed at all-time levels for a third straight day. Data on U.S. gross domestic product and claims for unemployment beat analysts’ expectations. The Stoxx Europe 600 benchmark rose to within 1% of its record close, with 14 of 19 sector groups advancing.