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

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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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