[Breaking] US Treasury Yields Stabilize... New York Stock Market Closes Higher
On the 2nd (local time), all three major U.S. stock indices closed higher. Although the yield on the U.S. 10-year Treasury note surged to as high as 4.82% during the session, it later gave up some gains. In addition, the limited increase in international oil prices contributed to a slight recovery in investor sentiment.
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On the New York Stock Exchange (NYSE) that day, the Dow Jones Industrial Average closed up 0.56% compared to the previous trading day. The S&P 500 Index, which focuses on large-cap stocks, rose 0.46%, while the tech-heavy Nasdaq Index finished the day up 0.45%.
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