38.84 F
December 2, 2023
Image default

Wall Street rises as bank shares rally, Nike boosts Dow

Published by

By Devik Jain (Reuters) – U.S. stocks rose on Tuesday, as bank shares gained on growing bets of aggressive interest rate increases by the Federal Reserve and sportswear maker Nike climbed after upbeat quarterly results. Nine of the 11 major S&P sectors were up in early trading with financials and consumer discretionary rising the most. The S&P 500 banks index gained 3.4%, powered by a 5.2% rise in Wells Fargo. The benchmark 10-year Treasury yield rose to 2.36%, its highest level since mid-May 2019. The odds of a 50-basis point rate hike at the Fed’s policy meeting in May rose to 72.2% after Ch…

Read More

Related posts

FDA Could Soon Approve Moderna’s Covid-19 Vaccine


Christopher Nolan Slams Warner Bros’ Decision To Release New Films On HBO Max: ‘We’re Working For The Worst Streaming Service’


Microsoft eyes entire operations of TikTok in talks: report


Uber chief: law could idle operations in California


U.S. oil dips below $100 a barrel on economic worries, strong dollar


UK suffers record recession on virus fallout


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: