(Bloomberg) — Stocks rose toward a record a day after violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more economic stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency.
The S&P 500 extended gains into a third day, led by financial and technology companies. The Nasdaq 100 outperformed, with Facebook Inc. and Google’s parent Alphabet Inc. climbing more than 1.6%. Tesla Inc. jumped after RBC Capital Markets upgraded the stock, noting that it was “completely wrong” with a previous bearish view. Banks rallied as Goldman Sachs Group Inc. said the industry has “moved back into vogue.” Treasury yields held above 1% as the dollar advanced.