Stocks rise on Wall Street as bond yields ease some more, even while oil prices continue to climb
- Wall Street rose Thursday as Treasury yields eased, offsetting an 11% surge in oil prices driven by the intensifying six-month U.S. war with Iran.
- Bond yields showed stabilization after weeks of inflationary pressure, with the 10-year Treasury dropping to 4.75% from 4.79% and the 2-year sliding to 4.33% from 4.39%.
- Gains in big technology stocks fueled optimism, with Microsoft, Apple, and Meta rising; Nvidia climbed 1.1% after announcing plans to acquire Hugging Face for $13 billion.
- Elsewhere, corporate earnings triggered mixed results: Snowflake jumped 21.4% on strong results, while Tyson Foods fell 6.9%, Broadcom dropped 5.7%, and Victoria's Secret slumped 10.4%.
- The Labor Department reported jobless claims remain at historically low levels, keeping investor focus on the Federal Reserve's goal to cool inflation to 2% ahead of September data.
18 Articles
18 Articles
The Times-Tribune
goSkagitTech stocks lead a rally on Wall Street as bond yields ease some more
Stocks are rising on Wall Street as bond yields ease further and a rally in big technology companies helps the market recoup its losses from earlier in the week. The S&P 500 was up 1.1% in afternoon trading Thursday, with…
Sydney Morning Herald
ASX set to advance as Wall Street climbs; $A over US72c
Gains in big technology stocks and easing bond yields helped lift Wall Street even as oil prices ticked higher amid an escalation in the US war with Iran.
Wall Street rises as bond yields ease despite oil spike in US-Iran war
Wall Street opened higher as easing Treasury yields countered a fresh climb in oil prices amid the US-Iran conflict. The move signalled investor relief on rates, though the war-linked oil surge kept inflation worries alive.
Stocks rise on Wall Street as bond yields ease some more, even while oil prices continue to climb
Gains in big technology stocks and easing bond yields helped lift Wall Street on Thursday even as oil prices ticked higher amid an escalation in the U.S. war with Iran.
Wall Street Gains As Bond Yields Decline Amid Oil Price Surge
Wall Street stocks experienced an upward trend during morning trading on Thursday, reflecting a rise in investor confidence as bond yields declined. The S&P 500 increased by 0.5 per cent, while the Dow Jones Industrial Average climbed by 340 points, marking a 0.6 per cent gain. The Nasdaq composite witnessed a rise of 0.7 per […]
Wall Street's main indexes are on an upward trajectory on Thursday, September 3, as U.S. Treasury yields fall, while investors' expectations that the Federal Reserve will not change interest rates at its September meeting are strengthening. On the board, the Dow Jones Industrial Average is up 0.80%, at 53,484 points, while the S&P 500 is up 0.50%, at 7,705 points. The Nasdaq also gained 0.53%, at 26,356 points. The yield on the benchmark U.S. 10…
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