Finance

Stocks seen higher after Wall Street record highs

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European stocks advanced slightly on Wednesday morning, pausing after a strong session stateside that saw the S&P 500 hit a fresh record high.

The pan-European Stoxx 600 edged 0.2% higher,  having fluctuated at the start of trading. Oil and gas stocks shed 0.2% while telecoms gained 0.6%.

Market participants in Europe tentatively followed the positive sentiment on Wall Street, where the S&P 500 and Nasdaq Composite set records. The S&P 500 rose to an all-time high Tuesday, wiping out all its losses from the market sell-off caused by the coronavirus pandemic. It confirms the start of a new bull market

The broader market index climbed 0.2% to 3,389.78, a record close. The Nasdaq…



Source cnbc.com

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