NEW YORK – European and US stocks mostly climbed Thursday, boosted by US stimulus hopes, vaccine rollouts and upbeat news from Italy amid a calmer trading environment after last week’s volatility.
Both the S&P 500 and Nasdaq finished at all-time highs, extending a strong rally this week with the ebbing of last week’s buying frenzy of GameStop and other equities. Investors are increasingly confident that volatility in those equities won’t dent confidence in the broader stock market.
Art Hogan, chief market strategist at National Securities, said investors have also been cheered by the drop in new US coronavirus cases and an increase in vaccination rates.
“We cle…
Keep on reading: Global stocks mostly rise with US indices at records