Stocks rally as Salesforce's 11% gain lifts Dow while S&P, Nasdaq reverse early losses
Stocks rallied on Thursday with the Dow leading markets higher as results from Salesforce (CRM) lifted the index, and the S&P 500 and Nasdaq shook off early losses to finish in the green.
At the close on Thursday, the S&P 500 was up 0.76%, the Nasdaq higher by 0.73%, and the blue chip Dow up 1.05%
Rates remained a key focus for investors, with the yield on the 10-year Treasury note settling north of 4%, its highest level since November.
The rise in yields has come as investors brace for more aggressive action from the Federal Reserve in the coming months as inflation stays elevated and the economy remains strong.
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