Posted 11/10/2023, 6:31:00 AM
Stocks Rebound as Earnings Lift Tech While Falling Yields Ease Rate Hike Fears
- Wall Street ticks higher as stocks rebound from sharp losses earlier this week
- Earnings reports from Illumina, Wynn Resorts, Hologic, and Doximity move their stocks
- Falling Treasury yields relieve pressure on stock market, with tech stocks benefiting
- Fed Chair Powell dashes hopes for slower rate hikes after inflation comments
- Oil prices regain some losses but still down over 4% for the week on supply concerns
- China bank hit by ransomware attack that reportedly disrupted U.S. Treasury trading