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US stocks edge up as bond yields hold

Economies.com
2021-03-04 15:49PM UTC

US stock indices held on Thursday, after the release of upbeat economic data, while the US treasury bond yields held.

 

The US Department of Labor unveiled that the unemployment claims were at 745,000 last week, better than forecasts of 750,000.

 

The yield of the US 10-year Treasury held at 1.47% today, after rising to a 1-year high of 1.6% last Friday.

 

Federal Reserve Chairman Jerome Powell's will deliver his remarks about the US economy at an online event later today.

 

As of 15:45 GMT, Dow Jones rose 0.1% or 50 points to 31,320, Nasdaq rose less than 0.1% or 10 points to 13,008, and S&P 500 rose 0.1% or 5 points to 3,824.

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