(Reuters) - NEW YORK, June 13 - U.S. stocks rose on
Wednesday after a pullback in benchmark bond yields and signs
of strength in the economy triggered a rebound in
interest-rate-sensitive shares, including banks, utilities and
home builders.
Stocks extended their gains, with the Dow up more than 100
points while the S&P 500 and the Nasdaq hit session highs
after the Federal Reserve said that overall wage pressures had
not increased and that economic activity had expanded through
May. The S&P utilities index gained 1.8 percent.
Read more at Reuters.com Bonds News
Wednesday after a pullback in benchmark bond yields and signs
of strength in the economy triggered a rebound in
interest-rate-sensitive shares, including banks, utilities and
home builders.
Stocks extended their gains, with the Dow up more than 100
points while the S&P 500 and the Nasdaq hit session highs
after the Federal Reserve said that overall wage pressures had
not increased and that economic activity had expanded through
May. The S&P utilities index gained 1.8 percent.
Read more at Reuters.com Bonds News
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