{"id":2015352,"date":"2023-08-29T11:52:02","date_gmt":"2023-08-29T15:52:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-st-gains-treasury-yields-drop-as-data-raises-potential-for-fed-pause\/"},"modified":"2023-08-29T11:53:38","modified_gmt":"2023-08-29T15:53:38","slug":"wall-st-gains-treasury-yields-drop-as-data-raises-potential-for-fed-pause","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-st-gains-treasury-yields-drop-as-data-raises-potential-for-fed-pause\/","title":{"rendered":"Wall Street rises, Treasury yields fall on data hinting at Fed pause."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwall-st-gains-treasury-yields-drop-as-data-raises-potential-for-fed-pause%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2015352&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Wall Street Extends Gains as Investors\u2064 Adjust Expectations<\/strong><\/p>\n<p>By\u200d Stephen Culp<\/p>\n<p>NEW YORK (Reuters) &#8211; \u2063Wall Street extended the previous day\u2019s\u2063 gains on Tuesday while the dollar see-sawed amid light, pre-Labor Day\u200d trading as investors continued to adjust their expectations for U.S. monetary policy.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>After \u2062an uncertain start,\u200d all three major U.S. stock indexes coalesced to \u2062a modest advance, as investors looked ahead \u200bto \u2064economic data later this\u2062 week that\u200c could sway the Federal Reserve\u2019s\u200d interest rate decisions \u2063in the\u200b coming months.<\/p>\n<p>\u201cIf (the\u200b data) continues to go in the right direction there\u2019s a chance \u200bthe Fed \u2064might\u2062 hold interest rates,\u201d said Peter Cardillo, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-report-sets-grim-markets-tone-as-investors-ponder-100-basis-point-hike\/\" title=\"Inflation report sets grim markets tone as investors ponder 100-basis-point hike\">chief market economist<\/a>\u200b at Spartan \u2062Capital Securities in New York. \u201cThe Fed continues to talk\u200d tough,\u2062 but its action depends \u200bon inflation.\u201d <\/p>\n<p>A smattering of U.S. economic\u2064 data released on Tuesday showed dampening\u200d consumer sentiment and a bigger-than-expected drop in job openings, offering evidence that the central \u200dbank\u2019s efforts to \u2062rein \u2064in inflation by throwing cold water on the economy is having its intended effect.<\/p>\n<p>But as market participants drift toward a \u200cthree-day holiday weekend, volumes are likely to be unusually light, which can lend itself to increased volatility. \u2063  <\/p>\n<p>Data due as the week draws to a close include \u2064August payrolls, July PCE inflation\u2063 and \u200cthe Commerce Department\u2019s second take on April-June GDP.  <\/p>\n<p>\u201cWe\u2019ll probably see the real reaction to the data next\u200d Tuesday, because of the holidays,\u201d Cardillo added. \u201cWe\u2019re entering September \u2064which is generally a precarious month for stocks.\u201d<\/p>\n<p>The Dow Jones Industrial Average rose 77.08\u2062 points, or 0.22%, to 34,637.06, the S&#038;P 500 gained 31.92 points, \u2064or 0.72%, \u2064to 4,465.23 and the Nasdaq Composite added 169.69 points, or 1.24%, to 13,874.82.<\/p>\n<p>European shares extended their rally with\u200b a boost from the mining\u200d sector as Beijing\u2019s \u2062recent policy moves to jump-start China\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-st-gains-treasury-yields-drop-as-data-raises-potential-for-fed-pause\/\" title=\"Wall Street rises, Treasury yields fall on data hinting at Fed pause.\">languid economy fueled demand hopes<\/a>.<\/p>\n<p>The\u200b pan-European STOXX 600\u200d index rose 0.92% and MSCI\u2019s gauge of stocks \u2062across the \u2063globe gained 0.83%.<\/p>\n<p>Emerging market stocks rose\u2063 0.96%. MSCI\u2019s broadest index of Asia-Pacific\u2064 shares outside Japan closed \u200d1.17% higher, while Japan\u2019s Nikkei rose 0.18%.<\/p>\n<p>U.S. Treasury yields extended Monday\u2019s decline, with 10-year notes touching near three-week lows.<\/p>\n<p>Benchmark 10-year\u200d notes last rose 16\/32 in \u200bprice to yield\u200c 4.151%, down from 4.212% late on Monday.<\/p>\n<p>The 30-year bond\u200c last rose 22\/32 in \u2064price to yield 4.2482%, from 4.289% late on Monday.<\/p>\n<p>The dollar fluctuated against\u2063 a basket of world currencies, giving up \u2064earlier gains after job openings data bolstered the case for a Fed\u2062 pause, \u2063while the Japanese yen hovered near levels \u2064that provoked\u200b intervention last year.<\/p>\n<p>The dollar index fell 0.24%, with\u2064 the euro up 0.14% to $1.0832.<\/p>\n<p>The yen strengthened 0.04% versus the greenback \u2063at 146.48 per dollar but still\u200d hovered close to last year\u2019s intervention range, while \u2063sterling was\u2062 last trading at $1.2595, down 0.06%\u200b on the day.    <\/p>\n<p>Oil prices steadied as supply concerns resulting from a hurricane churning off the U.S. Gulf coast counterbalanced concerns \u200bover <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-braces-for-another-big-inflation-number-this-week\/\" title=\"Fed Braces for Another Big Inflation Number This Week\">softening global demand<\/a>.<\/p>\n<p>U.S. crude fell 0.04% to $80.07 per\u2063 barrel and Brent was last \u200dat $84.57, up 0.18% on \u200dthe day. <\/p>\n<p>Gold prices gathered upward\u2062 momentum in the wake \u200dof weaker than \u200cexpected U.S. data.<\/p>\n<p>Spot gold\u200c added\u2064 0.7% to $1,932.39 an ounce. <\/p>\n<p>  \u2064(Reporting by Stephen Culp; Editing by Susan Fenton)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/bonds-rally-stocks-drift\/attachment\/signage-for-the-london-stock-exchange-group-is-seen-outside-3\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/bonds-rally-stocks-drift\/attachment\/file-photo-people-walk-past-a-screen-displaying-the-hang\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Former Trump Aide\u200c Testifies in Court on Subpoena Charges<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>UNC Chapel Hill on Lockdown, Trial Date Set for Trump&#8217;s Alleged \u200dElection Interference<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Legal Counsel Predicts Success for\u200c Mark Meadows in Election Tampering Trial<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Defense Requests Camera Ban in Bryan Kohberger&#8217;s Trial<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>SEC Should Have Approved Grayscale Investments&#8217; Application, Says Expert<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Chinese Smartphone \u2062Maker Xiaomi Reports \u2062Revenue Drop<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Chinese Smartphone Maker Xiaomi Reports Revenue Drop<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>to the upcoming release of key economic data. The dollar&#8217;s fluctuation reflected the cautious sentiment among investors, who were closely monitoring any developments related to U.S. monetary policy. Despite the uncertainty, Wall Street managed to build on the gains from the previous day, indicating a positive outlook for the market.<\/p>\n","protected":false},"author":66,"featured_media":2015353,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2015352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2015352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2015352"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2015352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2015353"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2015352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2015352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2015352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}