Business Corpus: Historic U.S. Stock Surge Sees Limited Momentum: Markets WrapThe biggest rally in American equities since 2009 flowed powerfully through to Japanese stocks, but had little momentum thereafter with mixed trading in U.S The post Historic U.S. Stock Surge Sees Limited Momentum: Markets Wrap appeared first on Investor's Business Daily.

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The biggest rally in American equities since 2009 flowed powerfully through to Japanese stocks, but had little momentum thereafter, with mixed trading in U.S. futures and European and Asian stocks. The dollar gave up some of Wednesday's advance.

Contracts on the S&P 500 swung between gains and losses after American benchmarks soared 5 percent on signs of robust consumer spending, which eased concern about the tenure of the Federal Reserve chief and progress on U.S.-China trade talks. Construction and technology shares led gainers in the Stoxx Europe 600 Index, after Tokyo's Topix Index posted the biggest advance in two years. Moves were more nuanced in the rest of Asia.

Just one of the S&P's 500 members fell on Wednesday, when the Dow Jones Industrial Average jumped more than 1,050 points for its biggest-ever point gain. Yet it's still a horrible month for U.S. stocks, with the S&P 500 down almost 11 percent. Emerging markets have done better, thanks to expectations of less aggressive tightening by the Fed. Treasuries advanced.

Elsewhere, WTI crude oil prices gave up a slice of the more than 8 percent gain from the previous day. The yuan held gains from earlier this week on the latest news on trade negotiations being scheduled for next month.

Read more on the latest twists and turns: Plenty of big rallies occurred during a bear-market downturn A history of U.S. presidential comments on stocks Insiders are pouring money into equities Three crazy statistics on a wild day of trading Valuations tumbled before the Wednesday rally

Here are some events investors may focus on in coming days:

U.S. new-home sales are due Thursday. Baker Hughes releases its weekly data on active U.S. oil rigs on Friday. Monday is year end. Brazil's new president is sworn in on Tuesday.

And these are the main moves in markets:

Stocks

Futures on the S&P 500 Index fell 0.7 percent as of 8:07 a.m. London time. The Stoxx Europe 600 Index climbed less than 0.05 percent to the highest in more than a week. The MSCI All-Country World Index gained 0.4 percent to the highest in a week. The MSCI Emerging Market Index increased 0.3 percent, the first advance in more than a week.

Currencies

The Bloomberg Dollar Spot Index declined 0.2 percent. The euro gained 0.3 percent to $1.1388, the biggest advance in a week. The Japanese yen jumped 0.5 percent to 110.86 per dollar. The British pound gained 0.2 percent to $1.2657. The MSCI Emerging Markets Currency Index gained less than 0.05 percent, the largest rise in more than a week.

Bonds

The yield on 10-year Treasuries declined four basis points to 2.77 percent. Germany's 10-year yield decreased one basis point to 0.24 percent, the lowest in a week on the largest dip in almost two weeks. Britain's 10-year yield was unchanged at 1.263 percent, the lowest in almost two weeks. The spread of Italy's 10-year bonds over Germany's rose four basis points to 2.6195 percentage points to the widest in more than a week.

Commodities

The Bloomberg Commodity Index dipped 0.3 percent. Brent crude fell 1.2 percent to $53.79 a barrel. LME copper jumped 0.9 percent to $6,009.00 per metric ton, reaching the highest in more than a week on the first advance in more than a week and the biggest increase in more than two weeks. Gold climbed 0.1 percent to $1,268.69 an ounce.

The post Historic U.S. Stock Surge Sees Limited Momentum: Markets Wrap appeared first on Investor's Business Daily.