S&P 500 Index Jumps to Biggest Gain in Two Months: Markets Wrap
- Dollar climbs most in two weeks as euro falls back from $1.20
- Stoxx Europe 600 posts biggest increase in almost a month
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U.S. equities rose alongside European stocks as the nearly relentless rally in risk assets continued, but with a twist as tech shares underperformed.
The S&P 500 jumped the most in almost two months to an all-time high, with some of this year’s least-loved shares helping fuel the rally. The Russell 1000 Value Index rose 1.7%, beating its growth counterpart. Utilities and financial stocks -- two of the three worst performing sectors in 2020 -- each rose more than 1.4%. The Stoxx Europe 600 Index added the most in three weeks.