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U.S. Stocks Gain on Bet Fresh Stimulus Is Coming: Markets Wrap

  • Apple leads equity advance as it climbs to an all-time high
  • Precious metals climb, with gold holding above $2,050
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Gold Is Moving More in Tandem with Equities, Says Xu of Credit SuisseSource: Bloomberg
Updated on

U.S. stocks climbed on optimism that officials will come to terms on fresh economic stimulus, putting a gauge of global stocks on the verge of erasing this year’s losses. Gold extended gains amid speculation interest rates will stay low for longer.

The S&P 500 rose for a fifth straight day, with Apple Inc. leading the charge as it reached a record and helping lift the MSCI All-Country World Index to little changed for the year. Stocks got a lift in the afternoon as lawmakers pledged to keep working toward a coronavirus relief package and President Donald Trump said he could act unilaterally on some measures. The dollar slipped.