U.S. Stocks Climb to Record; Crude Oil Rallies: Markets Wrap
- Treasury 10-year note yields approach a one-year high
- European, Asian stock indexes finish higher; dollar is flat
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U.S. stocks advanced as investors looked toward signs that Washington is moving ahead with a spending bill. Oil futures rallied, while yields on benchmark Treasury notes rose past 1.2%.
The S&P 500 closed at an all-time high ahead of a three-day weekend, adding more than 1% for the week, with energy producers among the best performers. Expedia Group Inc. fell after reporting results that missed expectations. European stocks gained.