Wall Street rises as investors make financial aid bets, Bitcoin surges

5fdba6b9db113

US stocks rose to records after data showing a further slowdown in the labour market stoked bets congressional leaders will clinch a deal on federal spending.The S&P 500 climbed for a third day as lawmakers wrangled over the details of almost $US900 billion ($1.18 trillion) in coronavirus aid. The dollar slumped as weekly jobless claims rose to 885,000 versus an estimate of 818,000. Treasuries were steady. Bitcoin breached $US23,000 for the first time.In early afternoon trade, the S&P 500 has gained 0.5 per cent, the Dow Jones is 0.4 per cent higher and the tech-heavy Nasdaq has added 0.6 per cent. At 5.17am AEDT, futures are pointing to a gain of 1 point at the open for the ASX.In Europe, cyclical shares such as miners and retailers rose on news that the rollout of a COVID vaccine would begin this month. The pound climbed and the euro rose to the…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE