NEW YORK — The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided.The tech-heavy Nasdaq ended the session slightly lower.Financial companies rose 1.8 percent, the biggest percentage gainer among the major S&P 500 sectors, as the benchmark 10-year Treasury yield hit a four-month high.
Comment on S&P 500, Dow up as rising treasury yields boost banks
By Stephen Culp, Reuters, The Gazette (Cedar Rapids)
Wed, 09/19/2018 - 12:50pm
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