Stocks

Bloomberg US stocks plowed to new records, with technology shares pacing gains, as investors speculated the Trump administration will make progress on trade spats. The pound rallied after the European Union revived hopes of a Brexit deal before the UK exits the common area in March. The S&P 500 Index jumped past 2,900, a level it first breached on Tuesday, …

Bloomberg Chinese investors have dumped Hong Kong stocks at a record clip this month, as the city’s equity benchmark tumbled to its lowest in a year. Mainland investors sold net HK$25.4 billion ($3.2 billion) of Hong Kong equities in August through Tuesday, according to Bloomberg calculations based on daily turnover data. That’s the biggest monthly selling figure since China opened …

Bloomberg US stocks churned near all-time highs, while Treasury yields climbed as investors assessed the latest developments from the Trump administration’s trade policies. The S&P 500 clung to a record after opening above 2,900 for the first time. Rate-sensitive shares retreated as the 10-year Treasury yield moved towards 2.90 percent. The Mexican peso failed to hold onto Monday’s gains as …

Bloomberg Sweetener-maker Tate & Lyle Plc, a UK household name due to its former glory days of supplying Britons with sugar for their tea, rose the most in three months on Tuesday after President Donald Trump said the US is pursuing a new trade accord with Mexico to replace the North American Free Trade Agreement. The 97-year-old company’s stock has …

Bloomberg US stocks added to all-time highs, and Mexico’s peso rallied versus the dollar as the Trump administration closed a bilateral trade deal with America’s southern neighbor. Treasuries fell. The S&P 500 Index rose as President Donald Trump unveiled details of the agreement that he says will replace Nafta. The peso rallied Mexico. European shares advanced, though a British holiday …

Bloomberg One of the world’s top-performing global stock funds is betting against Amazon.com. It’s not so much that Amazon won’t flourish, but that the recent rally in global technology behemoths has made brick-and-mortar retailers cheap in comparison, according to Norwegian fund Storebrand Global Multifactor. The valuations right now are “too pessimistic for the retailers and too optimistic for Internet retailers,” …

Bloomberg US stocks are vaulting back to all-time highs. But the smart money isn’t celebrating. Instead, they’re nursing pain. Hedge funds have seen returns dwindling even as the S&P 500 Index marches forward in what has become, by some measures, the longest bull market ever. An index tracking the performance of funds focusing on equities has fallen in five of …

Bloomberg Don’t hold your breath for a US exchange-traded fund that invests in Bitcoin. Prospects for such a fund took a nosedive when the Securities and Exchange Commission rejected requests to list nine cryptocurrency funds, citing continuing concerns about manipulation and market surveillance. Hester Peirce — one of four commissioners currently at the SEC — has since said the agency …

Bloomberg US stocks headed for their worst day in two months, joining a broad decline in global equities as disappointing earnings from Chinese internet giant Tencent Holdings Ltd. roiled technology shares and a plunge in commodities weighed on resource producers. Crude tumbled to below $65 a barrel after a report that American stockpiles rose the most since March 2017. The …

Bloomberg China’s equities and currency slid, with the yuan weakening past 6.9 a dollar for the first time since May 2017 and losses in tech stocks spiraling into a broad selloff. The Hang Seng China Enterprises Index fell 2 percent at the close for its fourth day of losses. Tencent Holdings Ltd. rattled equities after surprising investors with its first …