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Fed Pause Helps Treasury Yields Retreat and Stocks Climb

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Gains accelerate after Jerome Powell says financial conditions have tightened

Nov. 1, 2023 4:46 pm ETin Treasury yields would help finish America’s inflation fight. The central bank’s message: maybe.

In the tug of war between low-risk government debt and higher-risk equities, that was enough of a signal to push stocks higher Wednesday. The Dow Jones Industrial Average rose 0.7%, or 222 points, while the tech-heavy Nasdaq Composite added 1.6%. The S&P 500 increased 1.1%, led by the information-technology and communication services sectors.Continue reading your article with

 

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