S&P 500 ends higher as markets weigh rising yields
The Star Online - Business·2024-04-25 08:01
NEW YORK: Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.
An auction of a record $70 billion worth of five-year US Treasury notes on Wednesday helped to push bond yields higher and had weighed on equities. The benchmark 10-year Treasury note rose five basis points to 4.6459%.
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