Tech Leads Stocks to Record Highs; Treasuries Drop: Markets Wrap
- S&P 500, Nasdaq Composite Indexes close at all-time levels
- Dollars pares gain as U.S. said to lift China manipulator tag
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Technology shares pushed U.S. stocks to records in a week expected to be dominated by the start of earnings season and the signing of a partial China trade deal.
Apple, Tesla and Microsoft sent the S&P 500 and Nasdaq Composite Index to closing all-time highs. Gains extended after the U.S. was said to plan to lift its designation of China as a currency manipulator. Earnings from some of the biggest U.S. banks kick off the season Tuesday, amid forecasts that overall corporate profits will show the smallest growth in three years.