Nominate Now for the J. J. Keller Safety Professional of the Year (SPOTY) Award

Tech Powers Stocks to 2-Week High on Stimulus Bets: Markets Wrap

(Bloomberg) -- U.S. stocks rose to the highest since June 10 on speculation Congress will seek additional stimulus to combat the economic effects of the pandemic and data that showed American manufacturing neared expansion. Oil advanced and the dollar retreated.The S&P 500 jumped 1% and the Nasdaq Composite hit an all-time high with investors continuing to focus on signs the American economy is bouncing back from the shutdown. Apple, Amazon and Facebook jumped at least 2%. Mohawk Industries, which provides home flooring, Darden Restaurants and Live Nation were among leaders in the S&P 500, even as several states are seeing a sharp increase in virus cases that could lead to further restrictions.Treasuries were little changed, with the 10-year yielding around 0.71%, while the dollar dropped for a second day. Equities rose in Europe and in Asia. Gold continued its push toward the highest level since 2012 and oil topped $41 a...