U.S. stocks climbed, led by technology shares, on speculation the Federal Reserve will reinforce its dovish message. Gold jumped to a record, while the dollar fell.
The S&P 500 erased last week’s drop as the rebound in tech overshadowed a slide in banks. A slew of earnings reports from Nasdaq 100 companies over the next few days will offer clues on whether the gauge’s record-breaking advance through mid-July has been justified. Moderna Inc. soared after getting a second round of U.S. funding for an experimental vaccine for Covid-19 and kicking off its late-stage trial.
