Markets

The 10-year Treasury yield closes above 5% as stocks edge higher

The S&P 500 rose 0.28% to 7,743.98 after the Fed decision, while the 10-year yield climbed 5.2 basis points to 5.044% and Brent settled at $115.32.

Filed under Markets

The S&P 500 gained 0.28% to 7,743.98, its third straight rise, the Nasdaq Composite 0.27% to 26,549.85 and the Dow 0.19% to 52,475.10. The 10-year Treasury yield rose 5.2 basis points to 5.044%, its largest gain since 28 September, while the 2-year yield was little changed at 4.731%.

Brent crude settled 1.26% higher at $115.32 after attacks in Yemen. Oracle rose 10.73% after setting a revenue target of $225bn for fiscal 2030, and South Korea’s KOSPI jumped 6.63% after SK Hynix reported a record quarter.