(Reuters) - NEW YORK, June 13 - U.S. stocks rose on Wednesday
as yields on benchmark bonds retreated from five-year highs and
fresh data pointing to strength in consumer spending boosted
optimism about profits.
Investors snapped up shares in interest-rate-sensitive
issues including utilities and homebuilders that had led
Tuesday's market drop as a surge in bond yields fueled concerns
about the effect of higher interest on economic growth.
Read more at Reuters.com Bonds News
as yields on benchmark bonds retreated from five-year highs and
fresh data pointing to strength in consumer spending boosted
optimism about profits.
Investors snapped up shares in interest-rate-sensitive
issues including utilities and homebuilders that had led
Tuesday's market drop as a surge in bond yields fueled concerns
about the effect of higher interest on economic growth.
Read more at Reuters.com Bonds News
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