Wednesday 09, August 2017 by William Mullally

US stocks rise

Mihir Kapadia, CEO and Founder, Sun Global Investments

US stocks rose on Monday, backed by good corporate earnings and news of acquisitions, contributing to some of the largest moves in individual stocks. The Dow Jones and S&P 500 traded higher to new all-time highs while gains in health-care companies helped the Nasdaq Composite outperform. The Nasdaq rose 0.5 per cent, the Dow rose 0.1 per cent, and the S&P 500 added 0.2 per cent.

US government bond prices edged slightly higher on Monday as the market remained stuck in a tight range despite last week's solid jobs report which would have been expected to lead to higher yields. The yield on the 10-year Treasury note settled at 2.25 per cent, compared with 2.27 per cent yesterday. European sovereign bond yields edged higher, largely giving up Friday’s post-payrolls slippage with 10-year yields rising one to three bps across most markets. 

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