U.S. stocks ticked higher while Treasury yields declined Wednesday afternoon in New York after the Federal Reserve raised its benchmark policy rate target to the highest level in 22 years. The S&P 500 SPX, -0.16% was off by 10 points, or 0.2%, at 4,557.65, having pared an earlier decline. The Dow Jones Industrial Average DJIA, +0.
09% shifted into the green, and was up by 22 points, or 0.1%, at 35,460, leaving it on track to extend its winning streak to a 13th session — what would be the longest daily winning streak since 1987. The Nasdaq Composite COMP, -0.27% was off by 49 points, or 0.4%, at 14,091. Treasury yields tipped lower, with the 2-year note yield off by 3 basis points at 4,874%. Bond yields move inversely to prices.
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