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Stocks rise as Treasury yields retreat after Waller rate comments
Dow strength followed remarks from Fed Governor Christopher Waller that he would support a rate hold if upcoming inflation data is supportive.
Stocks climbed as Treasury yields retreated after remarks from a Federal Reserve official, supporting risk appetite in US markets, according to WSJ Markets.
WSJ Markets reports that Fed Governor Christopher Waller said he would back holding rates steady if inflation data coming in is supportive, a view investors appeared to treat as less restrictive than feared.
The move boosted equities broadly, with the Dow posting gains alongside the decline in yields following the comments.
Latest closeDow Jones 53,061.95 ▲0.6%