US stocks set records as fear recedes from market; gold dips
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January 10, 2020
NEW YORK (AP) — Stocks around the world climbed on Thursday, and U.S. indexes hit records as markets continued a rally sparked after the United States and Iran appeared to step away from the edge of war.
Money flowed into riskier investments, such as technology stocks, and trickled out of traditional hiding spots for investors when they're nervous, such as gold. A measure of fear in the stock market had its largest drop in a week.
Stocks have been rallying since Wednesday, after investors took comments from President Donald Trump and Iranian officials to mean no military escalation is imminent...
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