Stock Market Today: Dow, S&P Live Updates for Feb. 5, 2021 - Bloomberg

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Asian stocks pushed higher Friday after their U.S. peers climbed to a record on signs the labor market is healing. Treasuries were steady after a widely watched segment of the yield curve steepened to levels last seen in 2015.

Shares rose in Japan, South Korea and Australia. S&P 500 futures were little changed after the benchmark closed up more than 1%, led by banks and tech shares, while the Russell 2000 Index of smaller companies climbed 2%. Earnings remained in focus with Ebay Inc. and PayPal Holdings Inc. surging on upbeat forecasts. The dollar held an overnight gain. Crude oil advanced and gold steadied after Thursday’s decline.

Global equities are flirting with all-time highs as corporate profits rebound and central banks remain supportive amid the ongoing pandemic. A report Thursday showed jobless claims fell to the lowest since November and investor focus turns to payroll data Friday.

“The economic data is coming in very strong,” Andrew Slimmon, fund manager at Morgan Stanley Investment Management, said on Bloomberg TV. “The market is going to struggle at some point this year, but at the moment it’s too early because the numbers are still coming through.”

On the virus front, restrictions are lifting around the U.S. as the outbreak eases. The Bank of England forecast that the U.K. economy is heading for a powerful rebound thanks to an aggressive push to vaccinate citizens. France said a new lockdown is not justified at the moment.

Elsewhere, GameStop Corp. had another day of heavy losses, with this week’s plunge exceeding 80% as retail traders flocked to other corners of the stock market such as small drug developers.

The Super Bowl is bringing two of the National Football League’s top offenses to the field and if history repeats itself it could make some U.S. investors particularly happy.

Source: Bloomberg

There are the main moves in markets:

Stocks

• S&P 500 futures were little changed at 9:05 a.m. in Tokyo. The S&P 500 rose 1.1% on Thursday.
• Topix Index rose 1%.
• Kospi Index rose 0.7%.
• Australia’s S&P/ASX 200 Index gained 1%.

Bonds

• The yield on 10-year Treasuries remained at 1.14%.

Currencies

• The yen was little changed at 105.59 per dollar.
• The offshore yuan traded flat at 6.4717 per dollar.
• The Bloomberg Dollar Spot Index was flat after rising 0.4% Thursday.
• The euro was little changed at $1.1966.

Commodities

• West Texas Intermediate crude advanced 0.6% to $56.56 a barrel.
• Gold was little changed at $1,796 an ounce.

— With assistance by Vildana Hajric

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Stock Market Today: Dow, S&P Live Updates for Feb. 5, 2021 - Bloomberg
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