Nasdaq surges to fresh record as European stocks retreat

New York (AFP) – Wall Street stocks pushed higher on hopes of fresh stimulus from Washington, outperforming other leading stock markets, including London, where equities were buffeted by a strong pound following a Bank of England decision.The tech-rich Nasdaq led the major US indices, finishing at its fourth straight all-time record to close above 11,000 points for the first time. Meanwhile, talks in Washington on a new emergency spending plan and expanded unemployment payments continued to drag on with Democratic leaders and President Donald Trump’s economic team still far apart.Many analysts…

Read More