World Market Update

 S&P 500 Rebounds to Post Biggest Gain in Two Weeks: Markets Wrap

U.S. stocks bounced back a day after their biggest rout in four months, with investors encouraged by better-than-forecast economic data even as they kept a wary eye on growing coronavirus infections.

The S&P 500 Index 1.2%, the most since Oct. 12, after President Donald Trump said he plans “a very big package” of stimulus following the election. The dollar and Treasury yields rose after reports showed a decline in weekly jobless claims and a surge in third-quarter economic growth that reversed much of the pandemic collapse.

Main market moves:

Stocks

The S&P 500 Index rose 1.2% as of 4 p.m. New York time.

The Nasdaq 100 Index increased 1.9%.

The Stoxx Europe 600 Index fell 0.1%.

The MSCI Asia Pacific Index decreased 0.2%.

Currencies

The Bloomberg Dollar Spot Index increased 0.3%.

The British pound declined 0.4% to $1.2936.

The euro weakened 0.6% to $1.1678.

The Japanese yen fell 0.3% to 104.64 per dollar

Bonds

The yield on 10-year Treasuries rose six basis points to 0.83%.

Germany’s 10-year yield declined one basis point to -0.64%.

Britain’s 10-year yield rose one basis point to 0.22%.

Commodities

WTI crude declined 2.7% to $36.38 a barrel.

Gold weakened 0.4% to $1,870.01 an ounce.