Wall Street reaches four-week highs as bond yields drop
As bond yields declined, U.S. stock indices rose to their highest levels in about a month as investors ignored the hawkish comments made by Federal Reserve officials on Wednesday.
Investors are sceptical that this is a long-lasting trend because the Nasdaq Composite (.IXIC), S&P 500 (.SPX), and Dow Jones Industrial Average (.DJI) last experienced a greater one-day percentage increase on August 10.