Stocks, Bonds Rise With Inflation Concern Fleeting: Markets Wrap
- U.S. expects to have enough Covid vaccine despite J&J halt
- S&P 500, Nasdaq 100 indexes close at record highs; Dow falls
This article is for subscribers only.
U.S. stocks climbed to record highs and bond yields fell as investors bet that a higher-than-forecast rise in inflation won’t be enough to slow economic stimulus measures.
The S&P 500 closed at an all-time high even after the U.S. recommended pausing Johnson & Johnson vaccines amid health concerns. The tech-heavy Nasdaq 100 also set a record while the Dow Jones Industrial Average finished in the red. Consumer prices rose more than expected last month but investors speculated the acceleration was not fast enough to warrant any Federal Reserve policy change. The drop in yields weighed on bank shares.