Stocks enjoy best week in a year

The S&P rose 5.9%, the largest weekly leap since November 2022. The same for the Nasdaq composite index which rose, 5.2%.The real key to the rally was the sharp decline last week of long-term interest rates — the yield on the 10-year Treasury note — which plunged from almost 5% to 4.5%, a massive move in the typically staid bond markets.

— especially last year when a surge in rates clobbered stocks — bond yields have been the single most important key to understanding the stock market in recent years.Stocks, which had been up nearly 20% earlier in the year, and saw those gains shrink to just 7% late last month, are now up 13.5% in 2023.For the good times to keep rolling, the market will be watching the U.S. government's auction of 10-year Treasury notes on Wednesday.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Top Wall Street analysts say buy these dividend stocks for enhanced returnsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including McDonald’s and AT&T.
Herkunft: NBCDFW - 🏆 288. / 63 Weiterlesen »

Top Wall Street analysts say buy these dividend stocks for enhanced returnsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including McDonald’s and AT&T.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »