Posted 10/4/2023, 2:40:11 PM
Stocks Rebound as Bond Yields Retreat, But Economic Uncertainty Lingers After House Speaker Drama
- Stocks edge higher as bond sell-off pauses, but uncertainty remains after House Speaker ouster
- Yields retreat after 30-year Treasury yield tops 5% for first time since 2007
- ADP private payroll data shows signs of slowing labor market with lower-than-expected job gains
- Softer economic data provides relief to stocks, with major indexes opening higher
- Apple, Intel, Palantir stocks trending in premarket trading amid analyst actions and spinoff news