U.S. Stocks Rally to Record, Treasuries Slump: Markets Wrap
- S&P 500 closes at all-time high as virus concerns ease
- Oil breaks losing streak, while yen and Swiss franc slide
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U.S. stocks rallied to an all-time high, while Treasuries slumped on speculation efforts will succeed at minimizing the economic impact from the coronavirus. Crude oil rallied after tumbling into a bear market.