(Reuters) - U.S. stocks rose on Tuesday as European companies made takeover offers for U.S. companies in the health-care and chemicals sectors and bond yields dipped, sending rate-sensitive stocks higher.
Utility stocks dominated the top percentage gainers on the S&P 500 as the yield on the 10-year Treasury held near 5.08 percent. Hefty dividend-paying utilities are seen as more attractive when bond yields are falling.
Read more at Reuters Africa
Utility stocks dominated the top percentage gainers on the S&P 500 as the yield on the 10-year Treasury held near 5.08 percent. Hefty dividend-paying utilities are seen as more attractive when bond yields are falling.
Read more at Reuters Africa
No comments:
Post a Comment