U.S.
stocks ended mostly lower a day Wednesday, feeling pressure after the Bank of Canada unexpectedly raised interest rates after a long pause, sparking concern the Federal Reserve also might not be done tightening policy. The Dow Jones Industrial Average DJIA, +0.27% shook off the gloom to rise around 93 points, or 0.3%. But the rate-sensitive Nasdaq Composite COMP, -1.29% slumped 1.3%, while the S&P 500 SPX, -0.38% shed 0.4%.
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These high-yield ETFs are a smart way to invest in preferred stocks, Bank of America saysPreferred stocks are offering their highest yields in over a decade, according to Bank of America.
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