Stocks Grind Higher at Start of Busy Economic Week: Markets Wrap
- Wall Street await readings on jobs, inflation and growth
- Treasury auctions draw highest yields since before 2008 crisis
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Stocks rose and bond yields fell at the start of a week full of economic data that will help shape the outlook for Federal Reserve policy.
In a reasonably quiet trading session, the S&P 500 hovered near 4,400. 3M Co. rallied as Bloomberg News reported the company has tentatively agreed to pay over $5.5 billion to resolve lawsuits claiming it sold defective combat earplugs. Nvidia Corp. led gains in megacaps. Auctions of two- and five-year Treasuries drew the highest yields since before the 2008 financial crisis.