Stocks rose, bond yields fell after PCE report, with tech and consumer shares performing well.

From Google: 2024-07-26 09:07:41

Stocks rose while bond yields fell after the release of the PCE report. The S&P 500 gained 0.5%, the Dow Jones Industrial Average increased by 0.3%, and the Nasdaq Composite climbed 0.6%. The 10-year Treasury yield dropped to 1.86%. Tech and consumer shares were among the best performers. The PCE price index, the Federal Reserve’s preferred inflation measure, rose by 0.4% in October, slightly below expectations. Investors are closely watching economic data for clues on future interest rate hikes.



Read more at Google: Stocks Up and Bond Yields Down After PCE Report: Markets Wrap – Yahoo Finance