A couple of successful debt offerings in Europe helped the bourses there bound higher. That has perpetuated a positive tone among domestic market participants that has sent the Dow, Nasdaq, and S&P 500 to new two-year highs.
Though buying has been broad based, financials have been the biggest beneficiaries of this session's bounce. The sector is up 1.4%.
Even telecom is up with a nice gain. The sector's 0.7% advance follows four straight sessions of losses, which combined for a 6.0% drop.
Such strength has helped each of the headline indices register new two-year highs. However, the Nasdaq has been lagging its counterparts by a modest margin, despite support from large-cap tech.
An appetite for the relative risk of stocks has caused some rotation out of the dollar, which now trails a collection of competing currencies by 0.7%.
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