Wall Street Gains Amid Software Strength
Wall Street indices rose today, Thursday, supported by software company stocks, despite an increase in US and British government bond yields to their highest levels in over two decades, amid fears of inflation and rising government debt. The ten-year US Treasury yields reached 5.33%, the highest since April 2002, and the 30-year bond yields stood at 5.67%, while UK 30-year bond yields climbed to 6.03%. Despite pressures on the bond market, US stocks continued to advance driven by strong performance in the technology sector.
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