[Breaking] PCE Slows, 10-Year Yield Hits High...Mixed Close on Wall Street
While the U.S. Personal Consumption Expenditures (PCE) inflation rate for August came in below market expectations, the yield on the U.S. 10-year Treasury note surged past 5.30%. As a result, on September 30 (local time), the three major U.S. stock indexes ended the session mixed.
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On this day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed down 0.86% compared to the previous trading day. The large-cap S&P 500 Index fell by 0.25%, while the tech-heavy Nasdaq Index rose by 0.24% to end the session.
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