Stocks Eke Out Gain Amid Doubt on Stimulus Timing: Markets Wrap
- Euro reahces highest since 2019; oil pushes to $42 a barrel
- Silver jumps to highest since 2016, following advance in gold
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U.S. stocks eked out a third straight gain, though finished well off session highs after Senator Mitch McConnell cast doubt on reaching a fresh rescue bill before some current benefits expire.
The S&P 500 rode a rally in energy and financial stocks to a fresh four-month high. Its advance was checked when the Senate majority leader told Politico he doesn’t expect a bill to pass within two weeks. Stocks were higher for most of the session after European Union leaders clinched a rescue package. That also sent the euro to the highest since 2019.