![]() Their expectations for inflation over the long run rose to the highest since 2011, according to a preliminary reportfrom the University of Michigan. ![]() consumers are girding for higher inflation. The yield fell even though a report in the morning suggested U.S. The yield on the 10-year Treasury dipped to 4.61% from 4.64% late Thursday. They tend to be some of the biggest beneficiaries when interest rates and bond yields ease, and Treasury yields were holding relatively steady following their leap the prior day. The Dow gained 391.16 to 34,283.10, and the Nasdaq jumped 276.66 to 13,798.11.īig Tech stocks were the strongest forces pushing upward on the S&P 500, including a 2.3% gain for Apple and 2.5% rise for Microsoft. Wynn Resorts also topped analysts’ expectations for the latest quarter, but its stock fell 5.7% amid concerns about some weaker trends underneath the surface in Macao.Īll told, the S&P 500 rose 67.89 points to 4,415.24. Illumina tumbled 8% after the maker of DNA-sequencing and other technology products cut its financial forecasts for the full year and said “the environment remains challenging.” It reported better results for the third quarter than expected.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |