Stocks rise and bond yields march higher, as investors focus on economic recovery, instead of Trump turmoil and COVID crisis

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Workers hang the flags on the West Front facade for the inauguration as a man carries an impeach sign Bill Clark/Getty Images Stocks rose, boosted by investor optimism over the outlook for the economy, in light of an anticipated deluge of stimulus from a Democrat-led Congress. Democrats will vote on whether to impeach Donald Trump a second time over his role in the storming of the Capitol last week, but financial markets are showing little reaction. Federal Reserve speakers have signaled they could be less likely to add to any stimulus packages and that the rise in Treasury yields is a welcome sign the central bank's policies are working. Visit Business Insider's homepage for more stories. Global stocks rose on Tuesday, shaking off the political turmoil in Washington DC, where Democrats are preparing to impeach Donald Trump for a second time, and rising COVID-19 cases around the world, while bond yields marched higher and Bitcoin recovered after a harsh sell-off. On Monday, Republicans blocked an attempt by House Democrats to introduce a resolution for Pence to forcibly remove Trump. House Speaker Nancy Pelosi gave Pence a deadline to invoke 25th Amendment or the House will move to impeach the president. Democrats have planned to take up a ...read more...