Dow Surges Over 600 Points as Dovish Fed Remarks Drag Yields Lower

The Story

News Summary

U.S.
stocks rallied as the Dow surged over 1% following dovish comments from Fed Governor Waller, who signaled patience on raising rates.
Benchmark Treasury yields dropped significantly, easing pressure across equities, while the dollar weakened and traders increased bets on an imminent Bank of Japan rate hike.

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