Economics
U.S. Stocks End Week at Record After Strong Earnings, Fed Signal
- S&P 500 hits new peak; Treasuries, most European bonds advance
- Euro hovers close to 2017 low; gold gains; dollar, yen steady
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Nothing has been able to stop the streak of records in U.S. stocks.
During a week when the coronavirus threatened to become a pandemic that thwarts global growth, the S&P 500 Index advanced four out of five days, posting three records along the way. Investors found comfort in solid economic data, better-than-expected earning reports and a signal that the Federal Reserve stands ready to act if needed.