Wall Street heads higher despite pressure from bond yields

2023-09-25 15:44PM UTC

Most US stock indices rose on Monday despite pressure from higher US treasury yields following recent policy statements from the Federal Reserve.


Wall Street was highly pressured this month as the Fed continues to hint at extended policy tightening, and amid concerns about the health of the economy.


Such pressures coincide with higher US treasury yields, while oil prices surge as well above $95 a barrel for the first time since last year.



Investors now await important US consumer spending data, important for gauging inflation.


Since the start of September, the S&P 500 fell over 4%, while NASDAQ shed 5.9%, as Dow Jones fell 2.2%


Today, Dow Jones is down 0.1% to 33,944, while S&P 500 rose 0.2% to 4,330, as NASDAQ gained 0.4% to 13,258.

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