Stocks Notch Record Highs; Treasury Yields Climb: Markets Wrap
- Gas futures rise to highest since March before tropical storm
- Dollar weakens versus major peers; crude oil increases
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U.S. equities rose to all-time highs for a third day with investors counting on the Federal Reserve to stay accommodative as the economy recovers from the coronavirus pandemic.
The S&P 500 and the Nasdaq Composite notched fresh highs, with Facebook Inc. rallying after unveiling a series of tools designed to expand shopping on its social media platforms. The Dow Jones Industrial Average declined for the first time in four days. Salesforce.com Inc. jumped 10% following the close of regular trading after raising its revenue outlook. Treasury yields increased and the dollar weakened.