By Sue Chang and Anora Mahmudova, MarketWatch. Dow climbs more than 100 points. A rally by financial stocks on Wednesday helped lift U.S. equity indexes as most sectors gained ground.
* Bond markets selloff continues on stimulus unwind bets. * Sterling rallies as BoE adds to ECB's hawkish bent. * Bank stocks lead Wall Street higher. By Rodrigo Campos.
- The S&P 500 and the Dow Jones Industrial Average were on track for their best one-day percentage gain in about two months on Wednesday as financial stocks led a broad rally, while the Nasdaq rose more than 1 percent as tech stocks rebounded. Bank stocks gained as the yield between five-year notes and 30-year bonds steepened, after falling to their lowest level since late 2007 overnight.
Stock selling eased in Asia Pacific Wednesday from the overnight pace in the U.S. and Europe, where fears of monetary tightening by the European Central Bank sent markets lower. Citing signs of a strengthening recovery in the Eurozone, ECB chief Mario Draghi hinted Tuesday that the bank may cautiously wind down its stimulus. "As the eurozone recovery continues to gather momentum, markets are gradually turning their view to the growing likelihood of a change in policy stance" by the...
* U.S. yields rise with European debt after ECB's Draghi comments. * Trump agenda in focus as U.S. Senate delays healthcare vote. By Rodrigo Campos. The euro rose the most in a year against the U.S. dollar on Tuesday after European Central Bank President Mario Draghi fueled market expectations the ECB will reduce stimulus later this year, and the dollar's weakness helped buoy crude prices.
* S&P 500 posts biggest one-day drop in six weeks. * Tech-heavy Nasdaq leads broad declines. * Alphabet falls after record EU antitrust fine. * Indexes down: Dow 0.46 pct, S&P 0.81 pct, Nasdaq 1.61 pct. By Lewis Krauskopf.
By Sue Chang, MarketWatch, Ryan Vlastelica. Dow has fallen in five of the past six session. U.S. stocks fell on Tuesday, with major indexes ending near session lows after Senate Republicans delayed a vote on health care legislation and as losses for technology shares deepened.
Stocks fell broadly on Wall Street on Tuesday, with indexes extending their declines after a delay in a healthcare bill vote in the U.S. Senate raised fresh questions about the timeline of President Trump's domestic agenda.
By Sinead Carew. - U.S. stocks ended higher on Friday after a last-minute trading spike and a technology sector gain offset weakness in financial stocks and sent the Nasdaq higher, giving it a weekly gain for the first time in three weeks. The energy sector rebounded and finished the strongest of the S&P's 11 sectors with a 0.8 percent rise as oil prices came back from multi-month lows.
* Nasdaq rises with help from tech. * Russell rebalance boosts trading volume. * Healthcare snaps rally, Energy up on oil price rise. * Indexes: Dow down 0.01 pct, S&P up 0.16 pct, Nasdaq up 0.46 pct. By Sinead Carew.
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