U.S. Stocks Climb to Record as Irma Threat Recedes: Markets Wrap
- Treasuries fall; greenback, stocks rally as confidence returns
- Safe-haven assets lose luster with gold, yen, Swissie sliding
Gallo Sees 'Asset Bubbles in the Market Everywhere'
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U.S. stocks rose to a record, the dollar strengthened and Treasuries tumbled as investors piled into riskier assets after Hurricane Irma wreaked less damage than forecast and North Korea failed to exacerbate tensions.
The S&P 500 Index jumped the most since April to close at its first record in a month and the Dow Jones Industrial Average topped 22,000. Bloomberg’s dollar index rose for the first time in eight days and 10-year Treasury yields climbed past 2.10 percent. European and emerging-market equities also advanced, while gold, the yen and the Swiss franc retreated.