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KQED Nightly Business Report July 13, 2024

Pinp rally pushed the dow into record territory. Today a mere 6point gain did the same thing. Record highs. D s p close at but the moves didnt come easy. Stocks wavered between gains and losses. But in the end helpe c from trade optimism, earnings moment up and deeson Economic Data. Today as i mentioned the dow rose at 6 points, now mat 27681. Nasdaq up 40, the s p added 7. T in f all major amples higher for the webb. The s p finished the fifth consecutive week of gains. But the big question for investors now is can stocks move higher . As bob pisani reports, the answer my lie in the bond market. Reporter beyond the ral in the stock market we have seen a rally in bond yields. The yield on the. S. 0year treasury notariesen sharply the past seven days invenors ha seen that move in bonds since before the 2016 president ial election. Now this recent spike in yields mass pushed bank scks back into ahi leade position with regional banks ....

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