A man walks past the Nasdaq MarketSite in New York's Times Square, August 23, 2013. — Reuters picNEW YORK, Feb 26 — The Nasdaq climbed early today, recovering some of the prior session’s losses, as US Treasury yields retreated and markets anticipated progress in Congress on President Biden’s economic relief package.
The Dow Jones Industrial Average dipped 0.4 per cent to 31,285.02, while the broad-based S&P 500 added 0.2 per cent at 3,834.90. But bond yields declined Friday, even as government data showed a jump in US personal income last month following a government stimulus enacted in December. Investors also have been cheered by regulatory progress on Johnson & Johnson’s single-dose coronavirus vaccine, which could be approved for emergency use later Friday.
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