Economics
Stocks Close Higher as Growth Debated; Bonds Rise: Markets Wrap
- Benchmark Treasury 10-year yields extend retreat from 3%
- Dollar touches another three-month high before pulling back
U.S. Economy Expanded at 2.3% Pace in First Quarter
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Most U.S. stocks edged higher as the debate continued over whether better-than-forecast corporate earnings are enough to offset signs the economy may be cooling. Yields on benchmark Treasuries declined for a second day after reaching a more than four-year high.
“Signs of slowing global economic growth, rising interest rates, higher commodity prices and lingering trade uncertainty are all fueling concern profit margins may be peaking,” Alec Young, managing director of global markets research at FTSE Russell, said in an email.