U.S. Stocks Push to Records as Oil, Dollar Climb: Markets Wrap
- Dollar strengthens, Treasuries dip after wholesale price data
- Energy shares lead gains as oil rallies on demand outlook
Citigroup's Buiter Says There's Froth in Markets
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U.S. stocks edged higher and the dollar gained for a third day as investors assessed the latest readings on inflation for clues on the Federal Reserve’s next policy move.
The S&P 500 Index eked out a gain to end at a record after fluctuating for most of the day. The Dow Jones Industrial Average also closed at a fresh high. Energy shares paced gains as crude surged to a five-week high on a forecast for higher demand. Treasuries retreated.