US stocks drift

Business | 13 Jan 2021 11:49 pm

U.S. stocks are drifting Wednesday as Wall Street continues a pause from its big recent rally, and even Treasury yields are stalling following their rapid rise.

The S&P 500 was 0.1 percent higher after flipping between small gains and losses in early trading. It remains close to its record high set at the end of last week. The Dow Jones Industrial Average was up 19 points, or 0.1 percent, at 31,088, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.3 percent higher.

Markets around the world have rushed higher recently on building optimism that a healthier economy is on the way because of the rollout of coronavirus vaccines and the prospect for more stimulus from a U.S. government soon to be run by Democrats.-AP


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