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Stimulus hopes buoy Wall Street, financials lead gains



  • Source: Reuters - - Read: 0

    Summary:

     

    (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 ...

     

     

    Read Full News: https://www.reuters.com/article/us-usa-stocks/stimulus-hopes-buoy-wall-street-financials-lead-gains-idUSKCN1VU17Y


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