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Tech Shares Power Stock Market Higher
Money

Tech Shares Power Stock Market Higher

Stocks resumed their climb Thursday, led by the shares of big technology companies that have powered the market for much of the year. The S&P 500 was up 0.8%, closing near its high for the year. The tech-heavy Nasdaq Composite rose 1.4%, and the Dow Jones Industrial Average gained 0.2%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Bond Yields Tumble, Stocks Retreat
Money

Bond Yields Tumble, Stocks Retreat

A rally in Treasurys intensified Wednesday, dragging yields on 10-year notes to the lowest level since August, while stocks turned lower. Major indexes wavered between small gains and losses before ending the session around their lows of the day. The S&P 500 lost 0.4%, while the Dow Jones Industrial Average shed 70 points, or 0.2%. The tech-heavy Nasdaq Composite fell 0.6%. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
10-Year U.S. Treasury Yield Tops 4.9%
Money

10-Year U.S. Treasury Yield Tops 4.9%

Long-term bond yields hit a fresh 16-year high Wednesday, weighing on stocks already pressured by the conflict in Gaza and corporate earnings results.The 10-year U.S. Treasury yield rose to 4.902%, the highest closing level since July 2007. The S&P 500 fell 1.3%. The Dow Jones Industrial Average shed 332.57 points, or 1%. The Nasdaq Composite lost 1.6%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8