Treasuries Climb as Stocks Succumb

A slew of disappointing corporate earnings and the Philadelphia Fed's weaker business outlook lifted Treasuries at the close

Treasuries continued to defy gravity Thursday as stocks succumbed to the same force once again. A series of damp tech earnings reports failed to dent stocks much initially and bonds stumbled out of the gate, but by the close the shoe was on the other foot and Treasuries finished strongly.

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