US equities hover near 52-week highs as Q3 GDP printed at an annualized 3.4%, but a 10-year Treasury yield stubbornly anchored at 5.01% keeps pressure on rate-sensitive sectors ahead of the December 2 FOMC decision.
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US equities hover near 52-week highs as Q3 GDP printed at an annualized 3.4%, but a 10-year Treasury yield stubbornly anchored at 5.01% keeps pressure on rate-sensitive sectors ahead of the December 2 FOMC decision.
Read more →The S&P 500 gained 0.28% to close at 7,743.98 on Wednesday, its third straight session of advances, even as the 10-year Treasury yield climbed 5.2 basis points to 5.05%, pressuring rate-sensitive sectors while AI-driven tech names provided cover.
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