U.S. Stocks Advance; Treasuries, Dollar Decline: Markets Wrap

Risk assets retreat from multi-month highs; oil pares gain
Tech heavyweights push Nasdaq indexes higher; yen falls

Burkhard Varnholt of Credit Suisse says U.S.-Iran tension may lead to a market correction that brings about another buying opportunity.Source: Bloomberg

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By Randall Jensen and Vildana Hajric

January 5, 2020 at 9:47 PM UTC

Updated on

January 6, 2020 at 9:06 PM UTC

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U.S. stocks advanced as heavyweight technology companies led a rebound. Treasuries and the dollar dropped.

The S&P 500 rose for the third time in four sessions, erasing early losses, as investors looked past geopolitical tensions and toward the resilience of the U.S. economy. Amazon Inc. and Google-parent Alphabet Inc. paced the advance.