U.S. stock futures pointed to a mixed open Friday, in an investor sentiment tug-of-war between more encouraging Covid vaccine news and skyrocketing infections.
The dollar on Friday rose against major currencies such as the euro and yen, with traders consolidating positions amid competing forces that pull the currency in different directions: the surge in virus cases, on the one hand, and positive vaccine news, on the other.
Gold edged higher on Friday after U.S. Treasury Secretary Steven Mnuchin signalled that negotiations on stimulus measures will continue, boosting the metal's appeal as a hedge against likely inflation.
News about a $2.2 trillion coronavirus stimulus bill that includes a second $1,200 payment could still come this week. Here's how your stimulus check will be taxed.
U.S. Treasury yields continued to fall on Wednesday, as disappointing U.S. retail sales dampened optimism on recent news of two effective coronavirus vaccines.