From Financialexpress · Aditi · · 1m
US Stocks Rise as Tech Shares Recover
Tech stocks rebound as Treasury yields drop from 24-year highs.
In brief
Tech stocks rebound as Treasury yields drop from 24-year highs. US stocks rose on Friday as technology shares recovered from losses, with Nasdaq up 0.64% and Treasury yields falling to 5.243%. Originally reported by Financialexpress.
US Treasury yields decline
US Treasury yields fell for the week ended October 9 as investors eased recent selloff in government bonds.
10-year Treasury yield drops to 5.243%
The 10-year Treasury yield fell by 3.3 basis points to 5.243% over the week.
2-year Treasury yield drops to 4.789%
The two-year Treasury yield dropped by 3.4 basis points to 4.789% over the week.
US stocks rise on Friday
US stocks rose on Friday as technology shares recovered from recent losses.
Nasdaq Composite gains 0.64%
The Nasdaq Composite gained 0.64% to close at 27,366.17.
S&P 500 rises 0.59%
The S&P 500 rose 0.59% to 7,811.54.
Dow Jones climbs 0.83%
The Dow Jones Industrial Average climbed 0.83% to 51,654.95.
What matters most
US stocks rose on Friday as technology shares recovered from losses, with Nasdaq up 0.64% and Treasury yields falling to 5.243%.
