bond prices: That pulled bond prices lower, sending yields sharply higher, according to The Japan Times. Banks and technology stocks led the broad gains, offsetting losses in real estate and communications services companies. The milestones came on a day when the S&P 500 briefly moved above 3,000 for the second straight day before an early rally lost some of its momentum. ; The market lost some ground after an auction of long-term U.S. government bonds failed to drum up strong demand. The latest gains extended a winning streak for stocks into its third day. Sure, 27,000 is just a number and in the whole scope of things isn't meaningful, said Ryan Detrick, senior market strategist for LPL Financial. Stocks have been trending higher for much of the week as investors have grown more confident that the Federal Reserve may cut interest rates for the first time in a decade as soon as the end of this month.
(news.financializer.com). As
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