Stocks Rise, U.S. Yield Falls; Demand Weighs on Oil

Treasury yields fell on Wednesday after Federal Reserve officials steered clear of tightening monetary conditions anytime soon despite higher inflation expectations, while stocks and the dollar edged higher.

Stocks edged up as Europe was boosted by deals, and U.S. tech stocks were supported by a change of leadership at Intel Corp, which jumped 7%. The U.S. dollar index rose for the fourth time in five sessions, still not far from near three-year lows hit last week.

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