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After another record-setting day in the stock market yesterday, it looks like things may start off a bit more subdued today. But the bias nonetheless appears to continue to be to the upside a day after the
Dow Jones Industrial Average ($DJI) crossed into 34,000 territory for the first time.
A lot has been going right for Wall Street this week, as solid bank earnings have added to optimism from bumper economic data and a surprise pullback in Treasury yields yesterday.
This morning, the 10-year yield has recovered some ground but remains below the key 1.6% level, which probably will keep helping mega-cap tech and other growth stocks, although it’s not particularly helpful for the banks.
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prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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