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Stocks Rise; Dollar Weakens Versus Majors Peers: Markets Wrap

  • Treasury yields retreat from highest since March after auction
  • Bitcoin’s wild price swings continue; gold ends four-day slide
Bloomberg business news
Savita Subramanian, Bank of America head of U.S. equities and quantitative strategy, talks about how a Democratic controlled Washington could impact markets and equities.Source: Bloomberg
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U.S. stocks edged higher and benchmark Treasury note yields lingered at 10-month highs as investors mulled the prospects of the economic recovery and vaccine rollout.

The S&P 500 closed in the green after fluctuating between gains and losses most of the trading session, with the energy, materials and consumer discretionary sectors leading gainers. The Dow Jones Industrial and Nasdaq Composite rose more than the benchmark index. Crude oil approached a 11-month high as the dollar weakened following a three-day rally. Corn futures surged by the exchange limit to the highest level for a most-active contract since May 2014.