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Stocks Close at All-Time High; Treasuries Decline: Markets Wrap

  • Consumer sentiment in U.S. increases amid improved outlook
  • New-home sales rise; orders for durable goods beat forecasts
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WATCH: Brian Jacobsen at Allspring Global Investments, talks U.S. stocks, market risks and the economy. Source: Bloomberg
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Stocks rose to a record on speculation the economic recovery can weather the coronavirus flareup. Bonds fell.

Trading volume was low ahead of the holidays. Electric-vehicle startup Nikola Corp. surged amid optimism about deliveries. U.S.-listed shares of Inc. sank on Tencent Holdings Ltd.’s plan to distribute over $16 billion of the Chinese e-commerce firm’s stock as a one-time dividend. Crocs Inc., the colorful clog maker, plunged after agreeing to buy casual-shoe brand Heydude for $2.5 billion. Bitcoin climbed above $50,000.