Stock market today: Wall Street rises as pressure relaxes from the bond market

Treasury yields eased considerably after trading resumed following a holiday on Monday. It was the first opportunity for yields to move since the weekend’s surprise attack by Hamas on Israel and since Federal Reserve officials gave speeches that suggested the Fed may not hike rates again. Oil prices gave back some of their sharp gains from a day before. PepsiCo rose after reporting stronger profit than expected.NEW YORK — U.S.

Perhaps more impactfully, it was also the first trading for Treasurys since Federal Reserve officials gave speeches that traders took as a suggestion the Fed may not raise its main interest rate again. The comments helped U.S. stocks swing from early losses to gains on Monday. High rates and longer-term yields knock down prices for stocks and other investments, while slowing the economy in hopes of undercutting high inflation.

A day earlier, two other Fed officials made statements that traders saw as a hint no more rate hikes may be coming. One was Philip Jefferson, who is the Fed’s vice chair. The other was Dallas Fed President Lorie Logan, who has been among the more “hawkish” Fed members pushing for tough interest rates to battle high inflation, said Solita Marcelli, chief investment officer, Americas, at UBS Global Wealth Management.

Fighting in Gaza is the latest threat for the world’s economy, particularly after it pushed oil prices higher on Monday. While the region under conflict doesn't produce much oil, the fear is that the violence could spill over into the politics surrounding the crude market. That in turn could hurt the flow of petroleum.

Airline stocks also clawed back some of their losses. They have already suspended flights into and out of Israel, and they count fuel among their highest costs. Delta Air Lines rose 1.4%, and United Airlines climbed 1.4%.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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