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Global bonds set for worst month in years as yields stay elevated
Benchmark 10-year U.S. Treasury yields held near their highest since June 2007, while German and French 10-year yields hit 17-year and 18-year highs. Stocks were broadly resilient, with Asian shares higher and European indexes little changed.
Wall Street rises as investors buy AI stocks; Microsoft rallies 3.3%
The S&P 500 rose 0.45%, the Nasdaq gained 0.50% and the Dow advanced 0.78%. Microsoft climbed 3.3% after unveiling new Copilot capabilities, while Akamai surged 6% on an $11.6 billion Anthropic deal.
Dell rises as investors look ahead to Sept. 1 earnings
Dell Technologies shares are rising ahead of its Sept. 1 second-quarter earnings report, with analysts looking for EPS of $4.91 and revenue of about $44.90 billion.