U.S. Stocks Advance as Debt, Energy Worries Ease: Markets Wrap
- S&P 500 rallies for third day led by consumer discretionary
- Oil rebounds; 10-year Treasury yields rise before jobs data
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U.S. equities rose on Thursday, bolstered by progress on U.S. debt-ceiling talks and easing concerns about Europe’s energy crunch.
The S&P 500 climbed as much as 1.5% before nearly halving gains on China’s plans to tighten its supervision over technology companies. The advance was led by the materials and consumer discretionary sectors, extending a three-day rally to 2.3%. The yield on the U.S. 10-year Treasury note climbed to 1.57%, the highest since June.