Stocks Gain as Traders Await New Catalysts: Markets Wrap
- S&P 500 higher as markets wrestle with pricing and inflation
- Treasuries rise and dollar erases gains after Fed updates
WATCH: Mitul Kotecha, chief emerging-market Asia and Europe strategist at TD Securities, says sentiment for dollar is 'extremely weak.'
Source: BloombergThis article is for subscribers only.
U.S. equities rose on Wednesday as the tussle between economic optimism and inflation concern continued to play out in markets.
The S&P 500 and Nasdaq 100 faded from early gains as traders awaited fresh catalysts in economic data, including the U.S. jobs report due later this week. AMC Entertainment Holdings Inc., a favorite among retail traders, rallied. Tesla Inc. fell following a reported loss in electric-vehicle market share. And energy stocks were among the best performing after WTI crude futures gained.