Wall Street rebounds amid bond gains
The Wall Street indicators rebounded after a wave of selling driven by rising U.S. Treasury yields, with the Dow Jones increasing by 0.55%, the S&P 500 by 0.40%, and the Nasdaq by 0.30%. This came after the U.S. government attempted to curb the surge in bond yields, which were impacted by inflation concerns linked to rising oil prices. However, the S&P 500 posted a weekly decline of 1.9%, and the Nasdaq fell by 2.5%, both likely ending a three-week streak of gains. Meanwhile, the Dow Jones decreased by 1.8% since the start of the week.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)