U.S. Stocks Mixed Treasury Bonds Extend Decline

U.S. equities opens mixed after setting consecutive record highs. Treasury yields increased while the dollar weakened. The S&P 500 edged higher, while the Nasdaq Composite declined. Futures had risen as America and China signalled progress on their phase-one trade deal. The Stoxx Europe 600 Index advanced for a second day after figures showed German companies turning slightly more optimistic on the economic recovery. Oil rose as traders eyed Tropical Storm Laura, which is expected to strengthen into a hurricane before making landfall later this week. U.S. gasoline futures rose to the highest level since March on concern over possible fuel shortages. Traders are also awaiting Federal Reserve Chair Jerome Powell’s scheduled speech on Thursday about the Fed’s long-awaited monetary policy framework review, which has focused on a new inflation strategy.

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