Stocks End Week at Records on Economic Optimism: Markets Wrap

China GDP surge boosts interest in materials producers
S&P 500, Dow average extend all-time highs amid earnings

Wang Tao, head of Asia economics and chief China economist at UBS Group AG, discusses the state of the world’s second-largest economy, its outlook and policies.Markets: Asia.” (Source: Bloomberg)

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By Namitha Jagadeesh

April 15, 2021 at 9:56 PM UTC

Updated on

April 16, 2021 at 8:00 PM UTC

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U.S. stocks ended the week at all-time highs as Chinese growth data added to signs of a global economic recovery. The dollar slipped.

The S&P 500 Index capped its fourth straight weekly advance as the strong data from Asia joined a raft of robust readings in the world’s largest economy to boost sentiment. Chinese stocks outperformed in Asia after a report showed the nation’s economy soared in the first quarter. The Stoxx Europe 600 Index posted a seventh week of advances, its longest streak since May 2018.