Wall Street’s main indexes were set to rise at the opening bell on Tuesday, buoyed by gains in technology-related mega caps as inflation worries ebbed and U.S. bond yields eased for the fourth straight day. The S&P 500 and the Nasdaq kicked off the week about 1% higher after Federal Reserve officials maintained that ultra-easy .
Wall Street ends slightly lower as investors eye inflation clues
By Chuck Mikolajczak
Reuters
(Reuters) - U.S. stocks closed slightly lower on Tuesday, and each of Wall Street s main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.
Yields on longer-dated U.S. Treasuries fell for a fourth straight day, with the benchmark 10-year yield hitting a fresh two-week low of 1.557% and helping to dampen inflation worries. The yield had climbed to as much as 1.776% at the end of March.
Federal Reserve officials continue to downplay rising price pressures, and Fed Vice Chair Richard Clarida said the central bank can take steps to cool a jump in inflation, if it occurs, without derailing the economic rebound coming out of the coronavirus pandemic.
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(Reuters) - U.S. stocks closed slightly lower on Tuesday, and each of Wall Street’s main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.
Yields on longer-dated U.S. Treasuries fell for a fourth straight day, with the benchmark 10-year yield hitting a fresh two-week low of 1.557% and helping to dampen inflation worries. The yield had climbed to as much as 1.776% at the end of March.
Federal Reserve officials continue to downplay rising price pressures, and Fed Vice Chair Richard Clarida said the central bank can take steps to cool a jump in inflation, if it occurs, without derailing the economic rebound coming out of the coronavirus pandemic.
Wall Street’s main indexes held close to the unchanged mark on Tuesday, oscillating between minor gains and losses following a rally in the prior session as…
Wall St set to rise as tech stocks lifted by lower bond yields
By Medha Singh and Shashank Nayar
Reuters
(Reuters) -Wall Street s main indexes were set to rise at the opening bell on Tuesday, buoyed by gains in technology-related mega caps as inflation worries ebbed and U.S. bond yields eased for the fourth straight day.
The S&P 500 and the Nasdaq kicked off the week about 1% higher after Federal Reserve officials maintained that ultra-easy monetary policy will remain, allaying worries higher prices may force the central bank to scale back its support. Since we bottomed out sometime last week, the market each day is gaining some stability and we see downside risk floating away. The mood is bullish but it s quite modest, said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.