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Stocks Post Another Record High; Oil Halts Slide: Markets Wrap

  • Pfizer climbs on U.K. clearance; British pound sinks
  • Dollar trades at more than two-year low; Treasury yields rise
Bloomberg business news
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U.S. stocks registered a record high for a second consecutive day amid renewed optimism over U.S. stimulus talks and a rebound in crude oil. Treasury yields rose, while the dollar touched a more than two-year low.

The S&P 500 edged up 0.2%, closing at an all-time high, led by gains in energy companies including Exxon Mobil Corp. and Chevron Corp. Inc. weighted on tech-heavy Nasdaq indexes with analysts calling its purchase of Slack Technologies Inc. expensive. House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer called for immediate talks and said a bipartisan $908 billion aid proposal should be the foundation for negotiations.