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Stocks Finish Week Mixed in Holiday-Hit Trading: Markets Wrap

  • U.S. stocks closed higher Thursday on new measures from Fed
  • Treasury yields fell alongside the dollar; Oil retreated
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Andrew Slimmon, managing director and head of applied equity advisors at Morgan Stanley Investment Management on ‘healthy signs’ in markets.Source: Bloomberg
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Asian stocks saw mixed trading Friday in a holiday-hit session as investors mulled new measures from the Federal Reserve to cushion the fallout from the coronavirus. The dollar remained under pressure.

Stocks slipped in Shanghai, and reversed losses to close higher in Tokyo and Seoul. Australia, Hong Kong and Singapore were among markets closed for holidays, alongside the U.S. and most of Europe. The yuan ticked higher amid easing inflation data. On Thursday, U.S. stocks capped their biggest weekly gain since 1974 as investors looked past staggering jobless numbers to another series of sweeping steps from the Fed to provide as much as $2.3 trillion in additional aid. Junk bonds rallied the most since 1998 and Treasuries rose.