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The S&P 500 and Nasdaq edged higher despite initial volatility caused by a glitch at the NYSE, which led to trading halts in dozens of equities. Technology stocks performed well, while energy equities lagged. Traders anticipated potential rate cuts by the Fed following weak manufacturing data.
New York (CNN) — Wall Street’s wild day ended on a calmer note.
Treasury yields are on the rise again, presenting a potential obstacle to a U.S. stock rally that has taken major indexes to record highs. The benchmark 10-year Treasury yield, which...
US stocks have closed mixed as the Dow Jones industrial average closed above the 40,000 mark for the first time.
A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Market strategists who track historical trends say stocks tend to build momentum when recovering from similar-sized pullbacks, often continuing to rally even after making up lost ground. Past rebounds in the S&P 500 from 5% pullbacks have been followed by a median gain of 17.4%, said Keith Lerner, co-chief investment officer at Truist Advisory Services.