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U.S. Futures Rise as Traders Mull Virus, China Vow: Markets Wrap

  • Tech, energy sectors lead gains; airline stocks underperform
  • Fauci says domestic travel vaccine rule should be considered
Bloomberg business news
Equity Rally To Continue Past First Fed Hike: Crossmark's Fernandez
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U.S. stocks rose for a fourth day in thin trading as investors evaluated prospects for a year-end rally amid spiking coronavirus cases. Oil gained and the Treasury curve flattened. 

The S&P 500 ended Monday near session highs, posting the 69th record close for 2021 with all major industry groups advancing. The tech-heavy Nasdaq 100 jumped 1.6%, outperforming other benchmarks. Oil climbed back above $75 a barrel in New York for the first time in a month. The two-year yield stayed higher after an auction while rates in the long end slipped.