Tuesday, May 21, 2024
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More Than 100 Points are Added to the Dow Thanks to a Strong Decrease in Treasury Yields

As Wall Street evaluated the geopolitical dangers from the Israel-Hamas conflict, U.S. stocks advanced on Tuesday, helped by falling Treasury yields.

Gaining 126 points or 0.4%, the Dow Jones Industrial Average increased. The S&P 500 increased by 0.6%, while the Nasdaq Composite increased by around 0.7% after previous advances.

As investors sought safe assets in the midst of the battle, the benchmark 10-year Treasury yield decreased by more than 12 basis points to 4.655%. Prices fluctuate in the opposite way from yields. The activity was in response to the Israel-Hamas dispute in the U.S. bond market, which was open Tuesday due to Columbus Day.

Source (CNBC)

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