Stocks Climb as Treasuries Pare Losses on Powell: Markets Wrap - Bloomberg

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Stocks Climb as Treasuries Pare Losses on Powell: Markets Wrap  Bloomberg

U.S. stocks rose and bonds pared losses after Federal Reserve Chair Jerome Powell signaled openness to rate cuts amid trade tension. The S&P 500 Index halted a two-day slide after antitrust fears erased more than $130 billion in market value from tech giants. While some analysts see the pullback as a buying opportunity, the recovery of stocks such as Alphabet Inc. was tepid. Lyft Inc. and Uber Technologies Inc. jumped after reports citing long-term value in ride-hailing companies. Treasuries ended a one-week rally that was driven by bets on rate cuts. Investors are attempting to find their ...

https://www.bloomberg.com/news/articles/2019-06-03/asia-stocks-look-to-steady-as-bonds-extend-gains-markets-wrap

2019-06-04 14:04:35Z
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