U.S. Stocks Climb on Bets Stimulus Deal Is Coming: Markets Wrap
- Gold stays above $2,000 an ounce after touching all-time high
- Ten-year Treasury yields rise from lowest since March
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The S&P 500 Index posted a fourth straight advance amid encouraging news on the vaccine front and speculation U.S. lawmakers are making progress on an economic aid package.
The benchmark stock gauge rose to within 2% of its record closing high of 3,386, and a measure of global equities was near wiping out its losses for the year. Payment processor Square Inc. and media titan Walt Disney Co. rose after better-than-forecast earnings. Novavax Inc. jumped on positive early data from its experimental vaccine for Covid-19.