U.S. Stocks Snap Two-Day Slide; Treasuries Drop: Markets Wrap

Jobless claims fell slightly last week, but remain elevated
Dollar steadies while crude oil slips after streak of gains

BlackRock’s Tony Despirito talks about how to build income in your portfolio on “Bloomberg The Open.”Source: Bloomberg

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By Andreea Papuc and Adam Haigh

February 10, 2021 at 9:56 PM UTC

Updated on

February 11, 2021 at 9:08 PM UTC

This article is for subscribers only.

U.S. stocks rose to a record with a late-session advance, while Treasuries slipped as a decline in jobless claims signaled a modest firming of the labor market.

The S&P 500 Index halted a two-day decline. Gains for tech shares lifted the Nasdaq 100 to a bigger advance. Ten-year Treasury yields rose to about 1.15%. In Europe, the Stoxx 600 Index was buoyed by strong results from Royal Mail Plc and Credit Agricole SA.