U.S. stocks booked modest gains on Monday after recording their worst week of the year as jitters about inflation and interest rates rattled investors. The...
U.S. stocks booked modest gains on Monday after recording their worst week of the year as jitters about inflation and interest rates rattled investors. The Dow Jones Industrial Average DJIA, +0.22% rose about 72 points, or 0.2%, ending near 32,889, while the S&P 500 SPX, +0.31% gained about 0.3% and the Nasdaq Composite Index COMP, +0.63% closed up 0.6%, according to preliminary FactSet data.
Investors attributed the slight bounce in stocks on Monday to an easing of Treasury bond yields. The 10-year TMUBMUSD10Y, 3.924% rate was at 3.921% Monday, while the 2-year TMUBMUSD02Y, 4.790% was at 4.791%, near the highest since 2007. Still, a key worry to emerge has been that a robust economy causes inflation to stay high, prompting the Federal Reserve to rely on a more “restrictive” level of interest rates, for longer, than previously anticipated.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market News Today: Indexes jump after worst trading week of 2023US stocks climb as investors try to recover from the worst trading week of the year
Read more »
NFL Combine 2023: Small-School Players Who Can Raise Draft StockWhich small-school players are poised to dominate the NFLCombine this week? Here are the names you need to have circled during positional drills, courtesy of _RyanFowler_. NFLDraft
Read more »
Why the 2023 stock market rally may be over already | CNN BusinessSo much for that big stock market comeback this year.
Read more »
Innings Festival 2023 highs and lows: The best and worst things we've seenInnings Festival returned to Tempe Beach Park on Feb. 25 and Feb. 26 with Green Day, Weezer and Eddie Vedder. These were the best and worst moments.
Read more »
Stock futures are little changed after major averages suffer biggest weekly losses of the year: Live updatesThe major averages are coming off their worst week of 2023 so far.
Read more »