U.S. Stocks Rise With Treasuries, Dollar Mixed: Markets Wrap
- Treasury yields fall along with those on core euro-area bonds
- S&P 500 index erases weekly decline; crude holds weekly gain
'I'm 100% Buying the Dip' on Non-Inverted Yield Curve, Says Dwyer
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U.S. stocks rallied, Treasuries advanced and the dollar slipped as investors grew confident that the Jerome Powell-led Federal Reserve won’t rush to raise interest rates as the economy picks up steam.
The S&P 500 Index pushed past its average price for the past 50 days and erased losses for the week with its biggest gain in almost three weeks. The gauge extended gains in afternoon trading, reversing a four-day pattern had seen it swoon. The 10-year Treasury yield slipped to 2.87 percent, roughly where it started the week, as investors dissect the Fed’s semiannual monetary policy report to Congress. The dollar was flat versus major peers.