US indexes finish higher as Treasury yields retreat late
The S&P 500 rose 0.2% while the Dow and Nasdaq edged up 0.04%, despite losses in most S&P sectors.
Wall Street’s three major indexes ended Thursday higher after a volatile session. The S&P 500 gained 0.2% to 7,666.45, while the Dow and Nasdaq each rose 0.04%.
Treasury yields retreated late in the session, lifting investor sentiment, according to the report. The 10-year yield had reached 5.344%, its highest level since April 2002, before falling six basis points. The 30-year yield also eased after hitting a 24-year high.
The gains came despite losses in 10 of the S&P 500’s 11 sectors. Consumer staples fell 1.5%, health care dropped 1.4%, and industrials lost 1.3%. Micron Technology rose 3% after reporting fiscal fourth-quarter earnings of $33.42 per share, up from $3.03 a year earlier. Revenue increased 379.3% to $54.23 billion.
Economic reports showed manufacturing activity expanded in September, with the ISM purchasing managers’ index at 54.5. Construction spending rose 0.9% in August, while initial jobless claims fell by 1,000 to 197,000 in the week ended Sept. 26.
This article was produced with the help of AI technology.
Source: Yahoo Finance
