- Stocks inched higher Monday after a volatile session to open the week.
- The 10-year Treasury yield briefly touched 3.51% Monday, notching the highest mark in 11 years.
US stocks climbed Monday ahead of the Federal Reserve's two-day policy meeting which begins on Tuesday. The major indexes each flipped between gains and losses throughout the week's opening session as investors brace for a third outsized rate hike from the central bank.
The yield on the 10-year Treasury climbed to 3.51%, the highest since 2011.
The last time the closely watched US bond was yielding that much, the European debt crisis was underway, as several EU countries dealt with the aftermath of 2008's financial crisis.
"The targeted resistance from the breakout is ~4.00%. The DeMARK Indicators continue to support consolidation, but the counter-trend signals would be stopped out on an opening print above 3.56%," Fairlead Strategies' $4.
Here's where US indexes stood after the 4:00 p.m. closing bell on Monday:
- S&P 500>$4: 3,899.93, up 0.69%
- Dow Jones Industrial Average>$4: 31,019.68, up 0.64% (197.26 points)
- Nasdaq Composite>$4: 11,535.02, up 0.76%
Here's what else to know:
- The stock market sell-off is almost over, according to JPMorgan, and resilient earnings and $4
- Moderna, BioNTech, and Novavax stocks plunged after P$4.
- S&P Global Market Intelligence said inflation worries led institutions to $4.
- The Fed could raise rates by less than expected in November because of a slowdown in the housing market, according to $4.
- $4
- Crude prices will average $100 a barrel in 2023 as demand rebounds in China and Russian barrels disappear from the market, according to $4
- Oil prices climbed, with $4 up 0.18% to $85.26 a barrel. $4, the international benchmark, inched higher 0.33% to $91.65 a barrel.
- $4 traded flat at 1,683.50 per ounce. The $4 ticked higher 4 basis points to 3.487%.
- $4 dropped 1.06% to $19,508.06.