Stocks climb with Amazon.com; US yields recover from earlier fall

FILE PHOTO: A Wall Street sign hangs in front of a U.S. Flag outside the New York Stock Exchange in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo

The share gain helped offset a 1.7 per cent decline in shares of Apple following the iPhone maker's modest growth outlook. The U.S. unemployment rate, however, held steady at 4.1 per cent, offering assurance that the labor market remained on a solid footing. The focus will now turn to the U.S. presidential election, with polls pointing to a knife-edge race. Polls, both nationally and in the seven closely divided states, show Republican Donald Trump and Democratic Vice President Kamala Harris in almost a dead heat with four days to go before Election Day.

The U.S. data also provided some relief for Britain's under-fire government bonds, with the 10-year gilt yield building on an earlier fall, last down 6 bps at 4.39 per cent.

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Stocks edge lower as markets remain cautious, with gold prices at new highsNEW YORK, : Global equity markets were lower on Monday as investors hedged their positions amid rising geopolitical tensions and uncertainty over the U.S. presidential election, even as gold prices reach new highs.
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