Stocks rose for a fifth straight session, Bitcoin topped $84,000 and the dollar was on track for a one-year high, with investors continuing to bet those trades will benefit from President-elect Donald Trump's agenda.
Economically sensitive shares led gains, with the Russell 2000 of smaller firms hitting the highest since 2021. A closely watched gauge of banks climbed 2.8%. Most big techs fell, though Tesla Inc. jumped 7.8%. An equal-weighted version of the S&P 500 — where the likes of Apple Inc. carry the same heft as Dollar Tree Inc. — beat the US benchmark. That gauge is less impacted by the largest companies — providing a glimpse of hope the rally will broaden out.
US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Fed's target. The core consumer price index due on Wednesday, which excludes food and energy, likely rose at the same pace on both a monthly and annual basis compared to September's readings.
The S&P 500 rose 0.2% as of 10:43 a.m. New York time
The Nasdaq 100 was little changed
The Dow Jones Industrial Average rose 0.9%
Source : Bloomberg
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