Stocks Ratchet Higher as Rates Optimism Prevails: Markets Wrap
- Treasury yields advance while the US dollar steadies
- Nasdaq 100 closes at an all-time high for second day in a row
A trader works in an office in Sydney, Australia.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
The relentless rally in US stocks extended Monday, buoyed by a burst of deals as traders largely ignored tempered messaging from Federal Reserve officials.
On the heels of a seven-week bull run, the S&P 500 rose 0.5% as more than $40 billion of mergers and acquisitions hit the wire Monday after months of disappointing volumes. The Nasdaq 100 climbed 0.6%, to close at a record for the second consecutive session.