the latest flashpoint. And profits for U.S. companies are under threat because of the slowing economy, high inflation and rising dollar.For Wednesday at least, though, the market seemed to be focused more on relief than such worries.
Following the Bank of England’s bond-buying announcement, the yield on the 10-year U.S. Treasury sank sharply to 3.73% from 3.95% late Tuesday. In the U.K., the 10-year yield tumbled by roughly half a percentage point to a shade above 4% The S&P 500 rose 71.75 points to close at 3,719.04. The Dow gained 548.75 to 29,683.74, and the Nasdaq climbed 222.13 to 11,051.64.
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