Economic TimesLean R·
US stocks: US market rebounds, but yield surge sets stage for weekly losses
Wall Street’s major indexes climbed higher on Friday, a day after witnessing heavy losses, even as they were poised for a lower finish for the week amid pressure from rising government bond yields and lingering geopolitical uncertainty, Reuters reported.The S&P 500 and technology-focused Nasdaq were on course to break a run of three consecutive weekly gains. The Dow, meanwhile, was set to record its second weekly loss in a row and its biggest weekly decline since mid-March.Financial compani…
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