09/28/2023

Wall Street Sees Gains as Investors Digest Economic Data

Meanwhile, Treasury yields remain steady

Wall Street's main indexes gained on Thursday as investors assessed the latest batch of economic data and as Treasury yields steadied ahead of a key inflation report.

Investors were also watching developments in Washington to see whether U.S. lawmakers could avert a government shutdown.

The recent move in Treasury yields to 16-year highs has loomed over the stock market after the Federal Reserve last week signaled a hawkish long-term outlook for interest rates.

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