U.S. Stocks Advance With Dollar, Treasuries Mixed: Markets Wrap
- Inflation data and central-bank speeches later this week
- Pound slides as PM May struggles and Brexit talks go nowhere
Kelly, Rochester on Market Jitters From Tax Reform
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U.S. stocks halted a two-day slide, while the dollar edged higher and Treasuries fluctuated as investors awaited clues on monetary policy and tax reform.
The S&P 500 Index eked out a gain as makers of consumer products climbed, outweighing a decline by industrial firms. Ten-year Treasury yields were steady and the greenback advanced against most peers ahead of inflation figures and speeches by central-bank heads later in the week. The pound dropped amid renewed political pressure on U.K. Prime Minister Theresa May. Bitcoin clawed back most of its losses after a big intraday drop.