Stocks Adding to Records as Treasury Yields Climb: Markets Wrap
- Apple shares slide with suppliers as latest products unveiled
- All three major U.S. equity gauges end at record levels
AllianzGI's Utermann Sees 'Stretched' Bond Markets
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U.S. stocks added to records and the dollar held gains while Treasuries fell for a second day as the Trump administration plotted strategy for pushing a tax overhaul.
The S&P 500, Dow Jones Industrial Average and Nasdaq Composite indexes all closed at unprecedented highs. Apple Inc. slipped, as did some of its biggest suppliers, after investors were underwhelmed at the unveiling of the company’s latest gadgets. The pound jumped as U.K. inflation accelerated more than forecast, and oil rose as producers were said to discuss extending output cuts.