Many traders on Wednesday appeared to the Federal Reserve for hints about whether or not this autumn’s uncommon ascent in Treasury yields would assist end America’s inflation struggle. The central financial institution’s message: possibly.
Within the tug of battle between low-risk authorities debt and higher-risk equities, that was sufficient of a sign to push shares greater Wednesday. The Dow Jones Industrial Common rose 0.7%, or 222 factors, whereas the tech-heavy Nasdaq Composite added 1.6%. The S&P 500 elevated 1.1%, led by the information-technology and communication providers sectors.
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