Stocks extend weekly advance after economic data: markets retreat – Yahoo Canada Finance

Stocks extend weekly advance after economic data: markets retreat – Yahoo Canada Finance

(Bloomberg) – Shares climbed, led by tech companies, after economic data bolstered optimism that a recovery from a pandemic-induced recession is underway. Treasury bills and the dollar rose.

The S&P 500 posted its fourth consecutive weekly rally – the longest winning streak this year – to close on a new record. A feeling of calm prevailed in a light volume: it is 21 sessions that the gauge…

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