U.S. stocks open higher as Treasury yields retreat after investors seek safe havens amid Middle East conflict

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Isabel Wang is a Markets Reporter for MarketWatch.

U.S. stock indexes opened higher on Tuesday as Treasury yields fell on its first trading session following Columbus Day, after geopolitical uncertainty around the Israel-Hamas conflict rattled investors. The yield on the benchmark 10-year Treasury TMUBMUSD10Y, 4.698% lost about 11 basis points at 4.697%, while the 2-year Treasury yield TMUBMUSD02Y, 4.

995% was off 8 basis points at 4.991%, as investors closely watched events in the Middle East to gauge the risk to the financial markets. The decline in yields gave stock indexes a lift on Tuesday morning. The Dow Jones Industrial Average DJIA, +0.20% was rising 99 points, or 0.3%, to 33,699, while the S&P 500 SPX, +0.22% was gaining 0.2% and the Nasdaq Composite COMP, +0.20% was up 0.1%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Regional indices exhibit varied performance amid Middle East conflictAsian markets exhibit a mixed sentiment with a negative bias as the market is cautious of the war between Israel and Hamas that erupted over the weeke
Source: FXStreetNews - 🏆 14. / 72 Read more »

Middle East conflict boosts oil and gold prices, drags down global stocksThe conflict in the Middle East comes at a time when markets are jittery and bond yields around the world are at multi-year highs.
Source: trtworld - 🏆 101. / 63 Read more »