S&P 500 Surges as Dovish Fed Comments Push Treasury Yields Lower

The Story

News Summary

U.S.
stocks rallied as Federal Reserve Governor Christopher Waller advocated holding interest rates steady to allow disinflation to progress.
Falling Treasury yields offset concerns over rising oil prices, pushing the S&P 500 up 1.06% to finish near record highs alongside solid gains in the Dow and Nasdaq.

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7656.98 +14.20% over the displayed period

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