As traders pared their bets on the pace of tightening by the Federal Reserve, stocks headed toward another record and bond yields tumbled.
Technology and retail shares drove gains in the S&P 500, while the Nasdaq 100 extended its rally into a ninth straight day -- the longest winning streak since December. A bullish outlook from chip giant Qualcomm Inc. added to signs the industry crunch is easing. Short-maturity U.S. Treasury yields headed for their biggest declines this year as global investors reassessed the outlook for monetary policy after the Bank of England defied expectations by keeping interest rates on hold.
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November 04, 2021 at 04:58AM
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Stock Market Today: Dow, S&P Live Updates for Nov. 4, 2021 - Bloomberg
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