Stocks Advance, Treasuries Fall in Light Volumes: Markets Wrap

Ten-year Treasury yields edge higher; dollar little changed
Europe shares flat; pound extends drop, boosting U.K. stocks

UBS’s Gareth McCartney discusses the current state of markets and where he sees them heading in 2020.Markets: European Open. (Source: Bloomberg)

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By Randall Jensen and Vildana Hajric

December 22, 2019 at 9:32 PM UTC

Updated on

December 23, 2019 at 9:06 PM UTC

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U.S. stocks edged to fresh record highs in light trading as investors chased gains that have added more than $5 trillion to valuations this year. Treasuries declined.

The S&P 500 gained for the eighth time in nine sessions, notching another all-time high after China said it cut tariffs on a wide range of goods. The holiday week took a toll on the benchmark’s volume, which was more than 20% below its 100-day average for most of the day. The Dow Jones Industrial Average paced indexes as Boeing Co. surged after the company ousted Chief Executive Officer Dennis Muilenburg.