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U.S. Stocks Trim Advances as Treasuries Slump


Monday, 14 May 2018 23:11 WIB

S & P 500SahamAS


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U.S. stocks edged higher and the 10-year Treasury yield pushed toward 3 percent as trade tensions between the world’s two biggest economies showed signs of abating.

The S&P 500 rose 0.3 percent at 11:49 a.m. in New York.Technology shares paced gains in the S&P 500 Index after President Donald Trump reversed a move to block ZTE Corp. from its U.S. suppliers and energy shares advanced as American oil topped $71 a barrel. Stocks came off session highs as rate-sensitive shares slumped with Treasury yields edging back toward 3 percent. German 10-year yields touched the highest this month after a senior European Central Bank official said the first rate hike could come quarters, not years after the end of asset purchases.

Source : Bloomberg


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