In a notable market shift, Wall Street closed higher as bond yields declined, providing a boost to stocks. The benchmark 10-year Treasury note witnessed a significant drop of more than 12 basis points, coupled with easing oil prices. Investors, however, remain watchful of geopolitical tensions arising from the Israel-Hamas conflict as they look ahead to third-quarter earnings. At the closing bell, major indices reflected positive gains, with the Dow Jones Industrial, S&P 500, and Nasdaq all posting notable increases.
The financial landscape on Wall Street experienced a positive turn as bond yields, particularly the benchmark. . .