Stocks inch higher; Bitcoin dips after hitting record

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<br>By Caroline Valetkevitch<br> <br>NEW YORK, Feb 12 (Reuters) – U.S.
stocks were mostly higher on Friday as investors awaited progress towards more U.S. fiscal stimulus and the dollar gained after several days of losses, while cryptocurrency Bitcoin eased after hitting a record high.<br> <br>MSCI’s gauge of stocks across the globe was on track to post gains for a 10th straight session.<br> <br>U.S.

President Joe Biden will meet with a bipartisan group of mayors and governors on Friday as he continues to push for approval of a $1.9-trillion coronavirus relief plan to bolster economic growth and help millions of unemployed workers.<br> <br>Indexes have held near record highs as investors bet on more government spending.<br> <br>”There seems to be a pause in the negotiations for the stimulus so that kind of takes a lot of air out of the room,” said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.<br> <br>U.S.

stock markets will be closed on Monday because of the Presidents Day holiday.<br> <br>The Dow Jones Industrial Average fell 2.31 points, or 0.01%, to 31,428.39, the S&P 500 gained 7.88 points, or 0.20%, to 3,924.26 and the Nasdaq Composite added 28.38 points, or 0.2%, to 14,054.15.<br> <br>The pan-European STOXX 600 index rose 0.64% and MSCI’s gauge of stocks across the globe gained 0.25%.<br> <br>Bitcoin, meanwhile, kontol gede was down 0.8% on the day at $47,613, after hitting a record high of $49,000.

It was on track for gains of roughly 20% in a milestone week marked by the endorsement of major firms such as Elon Musk’s Tesla.<br> <br>The dollar index fell 0.01%, with the euro down 0.02% to $1.2126.<br> <br>U.S. Treasury yields rose and inflation expectations jumped to their highest levels since 2014 after the U.S.

Treasury Department on Thursday saw weak demand for new 30-year bonds.<br> <br>The Treasury saw soft demand for $27 billion in 30-year bonds, its final sale of $126 billion in coupon-bearing supply this week.<br> <br>Benchmark 10-year notes last fell 9/32 in price to yield 1.1882%, from 1.158% late on Thursday.<br> <br>Oil prices were higher, helped by the hopes for a U.S.

stimulus bill.<br> <br>Spot gold dropped 0.1% to $1,823.96 an ounce.<br> <br>(Additional reporting by Medha Singh in Bengaluru and Ritvik Carvalho; Editing by Nick Zieminski)<br>

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