Stocks Climb to All-Time Highs; Crude Oil Declines: Markets Wrap
- S&P 500, Dow Jones Industrial Average hit fresh records
- Bitcoin falls after reaching an all-time high over the weekend
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U.S. stocks closed at a record high for a third consecutive trading session amid growing optimism over the budding economic recovery and progress on vaccines. Long-term Treasury yields edged lower.
The benchmark S&P 500 Index gained for a fifth straight trading session, led by the utilities and real estate sectors. The Dow Jones Industrial Average also closed at a record and finished up for a seventh session in a row. Apple Inc., Tesla Inc. and Facebook Inc. led the tech-heavy Nasdaq 100 higher. Crude oil pared a loss of more than 2%.