Market Snapshot: U.S. stocks post third day of gains as Treasury yields fall and hopes rise for end to Fed rate hikes

by | Oct 10, 2023 | Stock Market

U.S. stocks closed higher Tuesday, as Treasury yields fell and fresh comments from Federal Reserve officials bolstered hopes the the central bank may be finished raising interest rates. How stocks traded
The Dow Jones Industrial Average
added 134.65 points, or 0.4%, Tuesday to end at 33,739.30.

The S&P 500
gained 22.58 points, or 0.5%, to finish at 4,358.24

The Nasdaq Composite
rose 78.60 points, or 0.6%, to close at 13,562.84

The Dow rose 1.9% in the past 3 sessions, the largest 3-day percentage advance since August 29, according to Dow Jones Market Data.

On Monday, the Dow Jones Industrial Average rose 197 points, or 0.6%, to 33605, the S&P 500 increased 27 points, or 0.6%, to 4336, and the Nasdaq Composite gained 53 points, or 0.4%, to 13484.

What drove markets Tuesday’s leg higher in stocks came as anxiety over violence in the Middle East was counteracted by comments from Federal Reserve officials suggesting a recent tightening of credit conditions may …

Article Attribution | Read More at Article Source

Share This