US STOCKS-Stimulus hopes buoy Wall Street, financials lead gains
A rise in U.S. Treasury yields, with those on 10-year notes climbing to three-week peaks, led investors to switch from bonds to riskier assets. Financial stocks rose 1.39%, the biggest boost among the 11 major S&P sectors with banks gaining 2.67%. The market is expecting some easing from the European Central Bank at its meeting this week and there has also been a de-escalation of trade tensions," said Gennadiy Goldberg, senior rates strategist, at TD Securities in New York.
Published:9/9/2019 11:19:12 AM