Stimulus hopes buoy Wall Street, financials lead gains
(Reuters) - Wall Street’s main indexes edged higher on Monday as investors bet on increased chances of monetary stimulus from central banks around the world to boost slowing growth.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid
A rise in U.S. Treasury yields, with those on 10-year notes US10YT=RR climbing to three-week peaks, led investors to switch from bonds to riskier assets. Big lenders, including Goldman Sachs (GS.N), were among the biggest beneficiaries. [US/]
Financial stocks .SPSY rose 1.39%, the biggest boost among the 11 major S&P sectors with banks .SPXBK gaining 2.67%.
“It does feel that sentiment globally is firmer. The market is expecting some easing from the European Central ...