Stocks rise and Treasury yields slip after Fed shock
U.S. stocks are jumping and Treasury yields are sliding Thursday morning as investors shake off jitters after the Federal Reserve’s first rate increase in three years; stocks and bonds stumbled Wednesday after a quarter-point hike.
S. stocks are rising and Treasury yields are moving lower Thursday morning as investors recover from the unease that followed the Federal Reserve’s first rate increase in three years. Stocks and bonds fell Wednesday after officials raised interest rates by a quarter percentage point.