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Wall St rebounds as easing Treasury yields boost megacap stocks

Plug Power drops on going concern doubts .

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Wall St rebounds as easing Treasury yields boost megacap stocks

Wall St rebounds as easing Treasury yields boost megacap stocks
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Stocks And Bonds Surge As The Tone Changes On Wall Street – Will The Rally Last?

The S&P 500 ended at 4,358, up 4.8 % for the week; the Dow Jones at 34,061, up 4% and the tech-heavy Nasdaq at 13,478, up 5.1%.

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Why Stocks Rallied On A Solid Jobs Report

A solid jobs report is usually unfavorable for equities, as it raises fears of further interest rate hikes to ease inflation pressures. Thus, the spike in the U.S Treasury bond yields sent stocks

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Markets see higher odds the Fed plows ahead with rate hikes after the blowout September jobs report

Traders' bets for another rate hike at the next central bank meeting jumped on Friday, CME's FedWatch Tool showed.

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