Stocks Ignore Shutdown Talks, Continue Record Run: Markets Wrap
- Treasury yields reach highest since 2014, dollar gains
- Gold climbs on strength in precious metals, crude slides
HSBC's Major Says He Would Sooner Be Buying Than Selling 10-Year Yields
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U.S. stocks shrugged off the government shutdown drama in Washington and rose to all-time highs following a report that regulators are close to further easing banking rules. Treasury yields reached the highest level in more than three years.
All major equity indexes gained, led by strength in apparel and durable goods makers. The dollar advanced but still posted a sixth straight weekly loss. And the yield on 10-year Treasuries climbed above 2.65 percent for the first time since June 2014.