U.S. stocks finish higher as Dow ekes out gain, bond yields climb


Major stock indexes finished with modest gains on Monday as Treasury yields marched higher ahead of an update on inflation due Friday. The Dow Jones Industrial Average DJIA, +0.05% edged about 14 points higher, or less than 0.1%, finishing near 32,914. The S&P 500 index SPX, +0.31% rose 0.3% and the Nasdaq Composite Index COMP, +0.40% closed 0.4% higher, after all three major indexes tumbled Friday to book weekly losses. Inflation pressures remain a key focus for investors, with May’s consumer-price index report on Friday expected to provide additional insights as to whether high costs of living have peaked near a 40-year high, as some on Wall Street anticipate. The 10-year Treasury rate topped 3% on Monday to reach its highest level since May 9, according to Dow Jones Market Data.

This article was originally published by Marketwatch.com. Read the original article here.

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