Wall Street stocks power higher as Treasury yields and dollar ease

NEW YORK, March 4 — Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back yesterday as data pointing to US economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs.

“Following weeks of relentless upward pressure on interest rates, the S&P 500 got a bit of a reprieve today,” said Bill Sterling, global strategist at GW&K Investment Management in Boston. The recovery in euro zone business activity gathered pace last month, PMI survey data showed, in the latest piece of data to suggest the bloc would avoid a recession.

Investors are trying to gauge that exact path for Federal Reserve rate hikes, after strong US data in recent weeks suggested rates may need to be higher for longer.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Wall Street sends stocks higher as Treasury yields, dollar easeNEW YORK, March 3 ― Wall Street stocks opened higher, while Treasury yields and the dollar pulled back on Friday, as risk appetite was boosted by data pointing to economic...
La source: malaymail - 🏆 1. / 86 Lire la suite »

Global stocks, US dollar power higher on ‘slow and steady’ rate hopesNEW YORK, March 3 — Wall Street stocks reversed losses to end higher yesterday, and US government bond yields tempered gains, as investors digested strong economic data and...
La source: malaymail - 🏆 1. / 86 Lire la suite »

Global stocks, US dollar power higher on ‘slow and steady’ rate hopesNEW YORK, March 3 — Wall Street stocks reversed losses to end higher yesterday, and US government bond yields tempered gains, as investors digested strong economic data and...
La source: malaymail - 🏆 1. / 86 Lire la suite »