S&P 500 Clocks Best Month of the Year; Yields Drop: Markets Wrap
- Dollar widens weekly loss to 1% in retreat for Trump trade
- Euro-area inflation climbed above the ECB’s 2% target
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US stocks ended a shortened trading session higher while Treasury yields declined across the curve. Speculation that President-elect Donald Trump will temper his most extreme trade policies drove the dollar down.
The S&P 500 climbed more than 1% for a second straight week. On Friday, it rose 0.6%, notching fresh record highs. The 10-year Treasury yield fell to 4.17%. The Bloomberg Dollar Spot Index extended a weekly decline to more than 1%, snapping eight weeks of gains.