Stocks Gain, Yields Pare Rise After Fed Stands Pat: Markets Wrap
Bloomberg 4 days ago Olivia Raimonde and Lu Wang
(Bloomberg) Stocks rose to record highs and yields on longer-maturity U.S. debt retreated from more than one-year highs after the Federal Reserve continued to project near-zero interest rates at least through 2023 despite rising inflation concerns.
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The yield on the benchmark 10-year note retreated from its highs of the day as Fed Chairman Jerome Powell reiterated that the central bank wants to see inflation moderately above 2% and said the recent move higher in yields wasn’t disorderly. The S&P 500 climbed to the highest level on record, led by the consumer discretionary, industrial and materials sectors. The Dow Jones Industrial Average also closed at an all-time high.
Stocks gain, yields pare rise as Fed stands pat
Emily Barrett and Lu Wang, Bloomberg News
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Stocks rose to record highs and yields on longer-maturity U.S. debt retreated from more than one-year highs after the Federal Reserve continued to project near-zero interest rates at least through 2023 despite rising inflation concerns.
The yield on the benchmark 10-year note retreated from its highs of the day as Fed Chairman Jerome Powell reiterated that the central bank wants to see inflation moderately above 2 per cent and said the recent move higher in yields wasnât disorderly. The S&P 500 climbed to the highest level on record, led by the consumer discretionary, industrial and materials sectors. The Dow Jones Industrial Average also closed at an all-time high.
Stocks Gain, Yields Pare Rise After Fed Stands Pat: Markets Wrap
Bloomberg 4 days ago Olivia Raimonde and Lu Wang
(Bloomberg) Stocks rose to record highs and yields on longer-maturity U.S. debt retreated from more than one-year highs after the Federal Reserve continued to project near-zero interest rates at least through 2023 despite rising inflation concerns.
Popular Searches
The yield on the benchmark 10-year note retreated from its highs of the day as Fed Chairman Jerome Powell reiterated that the central bank wants to see inflation moderately above 2% and said the recent move higher in yields wasn’t disorderly. The S&P 500 climbed to the highest level on record, led by the consumer discretionary, industrial and materials sectors. The Dow Jones Industrial Average also closed at an all-time high.
Stocks Gain, Yields Pare Rise After Fed Stands Pat: Markets Wrap
Bloomberg 4 days ago Olivia Raimonde and Lu Wang
(Bloomberg) Stocks rose to record highs and yields on longer-maturity U.S. debt retreated from more than one-year highs after the Federal Reserve continued to project near-zero interest rates at least through 2023 despite rising inflation concerns.
Popular Searches
The yield on the benchmark 10-year note retreated from its highs of the day as Fed Chairman Jerome Powell reiterated that the central bank wants to see inflation moderately above 2% and said the recent move higher in yields wasn’t disorderly. The S&P 500 climbed to the highest level on record, led by the consumer discretionary, industrial and materials sectors. The Dow Jones Industrial Average also closed at an all-time high.
(March 17): Asian stocks are set to open steady Wednesday as investors weigh the strength of the economic recovery in anticipation of the Federal Reserve’s policy statement. Benchmark Treasury yields hovered near their highest levels in over a year.
U.S. equity futures edged higher. The S&P 500 closed lower after three sessions of record-breaking gains, as the energy and industrials sectors weakened. Apple Inc. and Microsoft Corp. lifted the tech-heavy Nasdaq 100, while the Dow Jones Industrial Average also fell from a record high. Futures were little changed in Japan, fell in Australia and rose in Hong Kong.
Treasury 10-year yields fluctuated as the Fed began its two-day policy meeting and a 20-year bond auction drew strong demand. Oil pointed higher after falling the most in a week.