Stocks Gain as Earnings Outweigh Virus Concerns: Markets Wrap
- S&P 500, Nasdaq 100 and Stoxx Europe 600 close at record highs
- Dollar, gold and Treasuries dip ahead of U.S. jobs report
WATCH: Alex Wong, director of asset management at Ample Capital, says headwinds for China will persist.
Source: BloombergThis article is for subscribers only.
U.S. equities gained ahead of Friday’s jobs report as investors balanced corporate results and jobless claims against the economic threat of the delta virus variant.
The S&P 500 and Nasdaq 100 rose to record highs, with Booking Holdings Inc., Fox Corp. and MercadoLibre Inc. higher after earnings. Meanwhile, the dollar was weaker, gold fell and Treasuries slid after initial unemployment claims declined for a second week.