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U.S. Stocks Rise; Pound Gains on Brexit Deal: Markets Wrap

  • Treasury yields are little changed; dollar drops a second day
  • Alibaba ADRs tumble most ever amid China monopoly probe
Bloomberg business news
U.K. Completed 'Biggest Trade Deal Yet' With EU Accord: PM JohnsonSource: Bloomberg
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U.S. stocks rose for a second day in holiday-shortened trading as investors monitored the latest developments on the congressional aid package, while the pound strengthened after a post-Brexit trade accord agreement was reached.

Technology and real estate shares led the S&P 500 led higher, with energy the only one of the benchmark index’s 11 sector groups to finish in the red. A scuffle over pandemic relief is set to run up against a federal funding deadline next week as Democrats side with President Donald Trump in his demand for $2,000 payments to most Americans. The dollar weakened and Treasury yields were little changed.