US stocks rise as Treasury yields fall after Fed hike jitters
U.S. stocks were higher and Treasury yields lower on the morning, as investors moved past the jitters following the Federal Reserve’s first rate hike in three years.
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U.S. stocks were higher and Treasury yields lower on the morning, as investors moved past the jitters following the Federal Reserve’s first rate hike in three years.
U.S. stocks rose at midday Friday in a broad-based rally, with the Dow up around 0.5% and the S&P 500 gaining 0.4%, as a roughly 4% slide in oil prices cooled the inflation and rate-hike anxieties that had gripped markets all week. The Wall Street Journal reported that Bahrain and Kuwait warplanes had struck sites insi