Don’t miss the latest developments in business and finance.

Wall Street rises as falling yields soothe

Image
Reuters NEW YORK
Last Updated : Feb 27 2018 | 2:55 AM IST

NEW YORK (Reuters) - U.S. stocks rose to more than three-week highs on Monday, with major indexes rising over 1 percent, as a decline in Treasury debt yields assuaged investors' concerns about rising interest rates and refocused attention on economic growth.

The Dow Jones Industrial Average rose 399.01 points, or 1.58 percent, to 25,709, the S&P 500 gained 32.3 points, or 1.18 percent, to 2,779.6 and the Nasdaq Composite added 84.07 points, or 1.15 percent, to 7,421.46.

(Reporting by April Joyner; Editing by James Dalgleish)

Also Read

First Published: Feb 27 2018 | 2:38 AM IST

Next Story