Connect with us

Business

US stocks rise, helped by steady bond yields and Powell remarks – Sydney Morning Herald

Stocks closed higher on Wall Street, boosted by large technology companies that have benefited from steady bond yields and soothing comments by Fed chairman Jerome…

Published

on

Article feature image

Stocks rose overnight on Wall Street, helped again by large technology companies that have benefited from steady bond yields.
Investor confidence was boosted after Federal Reserve chairman Jerome Powell said the US central bank has the tools to curb higher inflation, which is expected to be temporary. Treasuries advanced, while the US dollar fell.
The S&P 500 closed 0.4 per cent higher. The benchmark index was on track for its third all-time high this week. Technology stocks led the market higher,…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

A new CEO for AusPost, The upside of closed borders, and a Budget surplus by 2025? Motley Fool CIO Scott Phillips on Sky News
2 of the best mid cap ASX shares to buy