Page 199 - ப்ளூம்பெர்க் டாலர் ஸ்பாட் குறியீட்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stocks gain, yields pare rise as Fed stands pat Emily Barrett and Lu Wang, Bloomberg News BNN Bloomberg s mid-morning market update: March 17, 2021 VIDEO SIGN OUT 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 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.

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