Stocks push for record high on $6 trillion U.S. spending hopes

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Reuters

By Marc Jones LONDON (Reuters) – Roaring stock markets were on track for a seventh consecutive day and fourth straight month of gains on Friday, as investors bet the United States will lead the world economy out of its COVID-19 slump with a $6 trillion spending boom. Sell in May and stay away? Not this year. European stocks hit a new record high as they opened in London, Frankfurt and Paris. [.EU] Tokyo had leapt more than 2% overnight and the 50-country MSCI world index was now nearly 90% above its COVID lows. U.S. stocks were poised for further gains after reports that President Joe Biden wi…

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