Wall St traders. Photo: Angela Weiss/AFP
Wall Street traders rushed to the riskiest corners of the market yesterday, with stocks climbing alongside bitcoin as the US senate advanced a plan to end the longest-ever government shutdown and remove a significant economic headwind. Bonds edged lower.
The risk-on bid lifted the S&P 500 by almost 1pc, following its worst week in nearly a month. Tech shares, which had been hit the hardest in recent days, drove the rally in equities. As the bid for safety waned, Treasuries lost steam while the dollar underperformed most of its major peers.
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