From Edward Jones · Brian Therien · · 50s
U.S. Markets Rise on Sector Strength
U.S. stocks climb as health care and real estate lead broad market gains.
In brief
U.S. stocks climb as health care and real estate lead broad market gains. U.S. equity markets closed higher Tuesday with health care and real estate driving gains amid lower Treasury yields and stable job market. Originally reported by Edward Jones.
Markets close higher
U.S. equity markets ended higher Tuesday with broad sector participation led by health care and real estate.
Bond yields decline
The 10-year Treasury yield nears 5.11% as investors scale back expectations for a Fed rate hike later this month.
Hiring slows but remains healthy
U.S. private employers added 18,500 jobs weekly for four weeks ended October 3, down from 26,000 previously.
Housing starts weaken
Privately owned housing starts fell to 1.22 million in September, below estimates of 1.30 million.
The short version
U.S. equity markets closed higher Tuesday with health care and real estate driving gains amid lower Treasury yields and stable job market.
