Stocks are rising in morning trading on Wall Street, chipping away a bit more from the market's losses in August.
Despite more than a year of widespread warnings that a recession was near, America’s economy is, if anything, accelerating.Wall Street’s focus this week remains a broad mix of economic updates that investors hope will paint a clearer picture of where the economy is headed and whether the Federal Reserve has enough reason to hold off on any additionalA survey of private-sector employers in the U.S. showed that hiring cooled more than expected by economists.
Treasury yields fell following the latest economic reports. The yield on the 10-year Treasury slipped to 4.10% from about 4.15% just before the latest GDP report. It stood at 4.12% late Tuesday. The yield on the 2-year Treasury, which tracks expectations for the Fed, fell to 4.86% from 4.90% prior to the latest GDP release. It stood at 4.89% late Tuesday.
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