U.S. stocks extended records, with the S&P 500 on its longest winning streak since 2017, after corporate earnings, strong hiring data and a Covid treatment breakthrough bolstered optimism in the world’s largest economy.
The S&P 500 advanced for an eighth session and has had only two down days in the past 19. Small caps, energy producers and materials companies led the gains as investors piled into companies that benefit most from a strong economy. The Nasdaq 100 lagged behind on Tesla Inc.’s 2.7% slump after Elon Musk asked his Twitter followers if he should sell 10% of his stake.
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November 08, 2021 at 04:22AM
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Stock Market Today: Dow, S&P Live Updates for Nov. 8 - Bloomberg
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