US stocks edge higher to new records as investors grow anxious over COVID variant spread

US stocks edge higher to new records as investors grow anxious over COVID variant spread

The S&P 500 and Nasdaq 100 edged higher to close at new records on Tuesday, continuing their four-day win streak even as investors grow anxious about the increased spread of the Delta variant of COVID-19. Technology stocks led the market higher in Tuesday's trading session, as the reopening trade continued to cool down as as the yield of 10-Year US Treasuries remained below 1.50%. "The Delta variant, which is more transmissible, is causing a parabolic rise in cases in the UK and Israel," Fundstrat's Tom Lee explained in a note to clients on Tuesday. To combat the variant, Israel is requiring mask-wearing again, and Australia has implemented new lockdown measures. on Monday for the first time ever after a court dismissed 2 antitrust lawsuits against the company. The stock finished Monday's trading session up about 4%. Cathie Wood's that would trade under the ticker symbol "ARKB." The SEC is currently sitting on nearly 10 bitcoin ETF applications, but has not yet signaled that they will be approved. US banks have authorized up to $20 billion in new stock buybacks and increased their quarterly dividend payments after Fed stress tests showed that they could withstand a financial crisis. in Tuesday trades