NEW YORK: Wall Street’s major indices closed higher on Monday (Oct 9) while energy stocks rallied as investors digested the latest news about the conf...
A chief investment officer says the US stock market and investors are focused on two things – the economy and earnings. – AFPpic
News of the conflict sparked an oil rally due to supply concerns. But stock indices managed to reverse earlier declines with help of more dovish Federal Reserve official comments. “Those fundamentals are more powerful in the market than terrible geopolitical headlines from the weekend just as they were more powerful than a strong jobs report and worries about the Fed on Friday.”A recent surge in US Treasury yields had pressured equities. That pressure eased as gains in the iShares Core 10+ years US bond Exchange Traded Fund and the iShares 20+ years Treasury bond ETF suggested that yields could fall on Tuesday.
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