The Dow retreated Tuesday as economic data pointing to underlying weakness in the consumer during the crucial holiday period weighed on sentiment and overshadowed the approval of the $900 billion stimulus package on Capital Hill.
The dollar edged higher Friday, rebounded to a degree after recent sharp selling, but this safe haven remains largely friendless as risk appetite grows.
European stock markets are seen opening lower Friday, with doubts again growing that a post-Brexit trade deal between the U.K. and the European Union can be agreed.
Tesla (NASDAQ:TSLA)'s grand entrance into the S&P 500 is expected to be preceded by a huge trade, with an unprecedented $80 billion of the electric car maker's stock changing hands by the end of the session on Friday.
NEW YORK - Surging U.S. stocks are stretching equity valuations near their highest levels in years, leaving investors to determine whether the rally signals a coming economic rebound or an asset price bubble in the midst of a global pandemic.