Traders work on the floor of the New York Stock Exchange in New York December 27, 2018. ― Reuters picNEW YORK, Feb 10 — US stocks struck fresh record highs today as trading got underway amid stimulus hopes, while oil prices hit 13-month highs.
“The positive disposition is a reflection of the ongoing bullish bias that has permeated the stock market,” said Patrick J. O’Hare at Briefing.com. Bitcoin dipped to US$45,402 after setting a record close to US$50,000 yesterday. The dollar was mixed against other major currencies. Falling coronavirus infection rates, expanding vaccination programmes and the prospect of a huge US spending splurge provided only limited support as traders paused following strong rises last week.
Worries remain, however, that markets may have gone a little too far, which analysts said was capping any surge for now.