WASHINGTON (dpa-AFX) - After moving modestly higher early in the session, treasuries pulled back near the unchanged line over the course of the trading day on Tuesday.Bond prices gave back ground
WASHINGTON (dpa-AFX) - After moving sharply higher over the past several sessions, stocks turned in a lackluster performance during trading on Tuesday. Despite the choppy trading, the tech-heavy
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks may open higher on Monday after a weak U.S. jobs report reaffirmed the need of another round of stimulus.'The U.S. does have fiscal space
Treasuries Close Firmly Negative Following Early Volatility
WASHINGTON (dpa-AFX) - After seeing considerable volatility early in the session, treasuries drifted lower over the course of the trading day on Friday.
Bond prices moved to the downside going into the close, ending the day firmly in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.1 basis points to 1.170 percent.
The ten-year yield closed higher for the sixth time in the past seven sessions, reaching its highest closing level since mid-March.
The lower close by treasuries came as a closely watched Labor Department showing only modest job growth in January added to optimism about more fiscal stimulus, reducing the appeal of safe havens like bonds.
U.S. Stocks Extend Uptrend In Reaction To Monthly Jobs Data
WASHINGTON (dpa-AFX) - Stocks moved mostly higher during trading on Friday, extending the upward trend seen over the past several sessions. With the continued advance, the Nasdaq and the S&P 500 once again reached new record closing highs.
The major averages all finished the day moderately higher. The Dow rose 92.38 points or 0.3 percent to 31,148.24, the Nasdaq advanced 78.55 points or 0.6 percent to 13,856.30 and the S&P 500 climbed 15.09 points or 0.4 percent to 3,886.83.
Following the steep drop seen last week, the major averages all moved sharply higher for this week. The Dow surged up by 3.9 percent, the S&P 500 spiked by 4.6 percent and the Nasdaq soared by 6 percent.