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Stocks post their first gains in five sessions, shaking off rising yields

Por: MarketWatch Business September 26, 2023

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What’s driving markets A rapid climb in long-term interest rates continued to set the tone across markets, decreasing the present value of future corporate earnings and weighing on stocks. The yield on the 10-year Treasury rose by 10.3 basis points to end at 4.541%, or the highest close . Its 30-year counterpart jumped 13.7 basis points to finish at 4.658%, the highest close since March 8, 2011. Read: “We are getting to a point where 10-... + full article



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