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GLOBAL MARKETS-Stocks near flat after run to records; bitcoin climbs again

Published 10/02/2021, 06:30 am
Updated 10/02/2021, 06:36 am
© Reuters.
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* S&P 500 flat after string of higher closes

* Bitcoin hits another record

* Spot gold rises (Updates prices throughout, adds European stocks close)

By Caroline Valetkevitch

NEW YORK, Feb 9 (Reuters) - Global equity indexes were near unchanged on Tuesday, while bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement from Tesla Inc TSLA.O .

The S&P 500 was flat in afternoon New York trading after hitting another record earlier in the day and registering its sixth straight session of gains on Monday, while MSCI's gauge of stocks across the globe was up slightly.

Investors awaited further news on the proposed $1.9 trillion U.S. stimulus plan, and Donald Trump's historic impeachment trial on a charge of inciting last month's deadly storming of the U.S. Capitol began, making Trump the first former U.S. president to be tried in the Senate. over monetary and fiscal support from policymakers, robust corporate earnings and the prospect that coronavirus vaccines could hasten a return to normality in the United States and other countries have bolstered risk sentiment. concern remained over the pace of vaccination, its efficacy against new variants of the novel coronavirus and the damage being done to economies, including the impact on the dollar of a $1.9 trillion stimulus package.

"We've come a long way in a short time," said Josh Wein, portfolio manager with Hennessy Funds. "It won't take a lot for the market to pause ... whether it's deliberations over fiscal stimulus, or the occasional talk of inflation or interest rates getting some lift."

The Dow Jones Industrial Average .DJI rose 37.18 points, or 0.12%, to 31,422.94, the S&P 500 .SPX lost 0.28 points, or 0.01%, to 3,915.31 and the Nasdaq Composite .IXIC added 30.42 points, or 0.22%, to 14,018.06.

The pan-European STOXX 600 index .STOXX lost 0.09% and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.26%.

In the volatile cryptocurrency market, Bitcoin BTC=BTSP soared to a new high, on its way toward another milestone: $50,000. It has surged more than 1,000% since March 2020 at the beginning of the pandemic, and analysts said forecasts of bitcoin hitting $100,000 this year don't seem far-fetched. gains follow disclosures from Tesla on Monday that it had invested around $1.5 billion in the virtual currency and expects to accept it as payment for its cars in the future. dollar fell to a one-week low. The dollar index =USD was last down 0.5%, with the euro EUR= up 0.48% to $1.2106.

Benchmark U.S. Treasury yields dipped as the recent rise in yields attracted buyers.

Benchmark 10-year yields jumped to their highest since March and 30-year bond yields rose above 2% for the first time since February on Monday as investors prepared for the prospect of faster U.S. growth and inflation, and new supply. 10-year notes US10YT=RR last rose 1/32 in price to yield 1.1568%, from 1.16% late on Monday.

Spot gold XAU= added 0.3% to $1,835.42 an ounce. U.S. gold futures GCc1 % to $1,834.30 an ounce.

Oil prices extended their rally for a seventh session to hit fresh 13-month highs. Brent LCOc1 was up 24 cents, or 0.8%, at $61.06 a barrel, while U.S. West Texas Intermediate crude (WTI) CLc1 for March was at $58.30 a barrel, up 33 cents or 0.6%. Global assets

http://tmsnrt.rs/2jvdmXl Global currencies vs. dollar

http://tmsnrt.rs/2egbfVh Emerging markets

http://tmsnrt.rs/2ihRugV MSCI All Country World Index Market Cap

http://tmsnrt.rs/2EmTD6j COVID-19 vaccinations

https://tmsnrt.rs/2YVEIse Bitcoin

https://tmsnrt.rs/3juWI6a

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