U.S. Stocks Rise; Pound Gains on Brexit Deal: Markets Wrap
- Treasury yields are little changed; dollar drops a second day
- Alibaba ADRs tumble most ever amid China monopoly probe
This article is for subscribers only.
U.S. stocks rose for a second day in holiday-shortened trading as investors monitored the latest developments on the congressional aid package, while the pound strengthened after a post-Brexit trade accord agreement was reached.
Technology and real estate shares led the S&P 500 led higher, with energy the only one of the benchmark index’s 11 sector groups to finish in the red. A scuffle over pandemic relief is set to run up against a federal funding deadline next week as Democrats side with President Donald Trump in his demand for $2,000 payments to most Americans. The dollar weakened and Treasury yields were little changed.