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U.S. Stocks Top Record as Strong Earnings Continue: Markets Wrap

  • Best Buy, report solid results, lifting sentiment
  • Oil, iron ore climb on demand outlook; Treasuries decline
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CalSTRS CIO Ailman Is a 'Little Nervous' About This Equity Market(Source: Bloomberg)
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U.S. equities rose to record highs as strong corporate earnings and a rally in commodity prices outweighed lingering concerns about the threat of Covid-19 to the global economy. 

The S&P 500 and Nasdaq 100 gained as Best Buy Co. became the latest U.S. retailer to report robust consumer demand while the price of oil and iron ore similarly gained on improving sentiment.