U.S. stocks, Treasury yields gain as CPI cements Fed pause

📆 9/13/2023 3:24 PM
📰 KitcoNewsNOW

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NEW YORK, Sept 13 - Wall Street eked out nominal gains and U.S. Treasury yields held steady on Wednesday after crucial inflation data appeared to remain on its downward path and fortified expectations that the Federal Reserve will let interest rates stand, for now.

"While rising fuel costs could be considered transitory, a bit of a setback on a month-to-month basis," said Peter Cardillo, chief market economist at Spartan Capital Securities. The Dow Jones Industrial Average rose 12.27 points, or 0.04%, to 34,658.26, the S&P 500 gained 4.6 points, or 0.10%, to 4,466.5 and the Nasdaq Composite added 27.29 points, or 0.2%, to 13,800.91.

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