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    DJIA Rises 1.05% as 10-Year Yield Surges Above 4%


    The Dow Jones Industrial Average (DJIA) rose 1.05% on Thursday, with Salesforce and DXCM stock the top performers and Tesla the day's worst.[0] The S&P 500 index rallied 0.8%, and the Nasdaq composite advanced 0.7%.[1] A 0.2% increase was seen in the Russell 2000,[1]

    After Thursday’s market open, the Dow Jones Industrial Average traded up 0.3%, boosted almost solely by's 15% advance.[2] The S&P 500 decreased by 0.2% and the tech-oriented Nasdaq composite decreased by 0.4[3] On Wednesday, the 10-year Treasury bond yield rose above 4%, and held at that level in the morning.[4]

    Atlanta Fed President Raphael Bostic said he favors “steady” quarter-point rate increases to limit risk to the economy as the impact of higher interest rates may only begin to “bite” in the spring.[5] Bostic suggested that the Fed could potentially halt rate increases by mid- to late-summer.[6] He cautioned that if the inflation data exceeded expectations, it could influence the Federal Reserve's policy.[5] Christopher Waller, a Federal Reserve Governor, asserted that if a series of impressive data sets were to come in, the Fed would be “obliged to increase interest rates” further, noting the extraordinary payrolls report for January.[5]

    The 10-year Treasury yield jumped 8 basis points to 4.07%, closing above the 4% level for the first time since November 9.[7] U.S. jobless claims came in lower than anticipated, while eurozone inflation was higher than expected.[0] The 10-year yield is close to the 15-year peak of 4.33% from October.[0]

    The 10-year Treasury yield surged above 4% and reached a four-month high as investors bet on the Federal Reserve to keep policy restrictive.[3] Reuters reported that the 2-year Treasury had reached 4.94%, its highest level in 15 years.[3]

    Stocks were mixed Thursday, with the Dow Jones Industrial Average (DJIA) leading and the S&P 500 and Nasdaq tumbling as rates continued their recent rise and results from Salesforce (CRM) lifted the Dow.[8] On Thursday, U.S. futures are showing mixed trading results, with the Dow Jones Industrial Average (DJIA) increasing by 0.12%.[8]

    0. “Futures Rise Ahead Of Key Econ Data; AI Stock Soars Into Buy Zone” Investor's Business Daily, 3 Mar. 2023,

    1. “Dow Jones Rises Amid Key Economic Data; AI Stock Soars On ‘Dramatic Change' In Sentiment” Investor's Business Daily, 3 Mar. 2023,

    2. “Stock Market News Today: Stocks Finish Green Thanks to Fed’s Bostic” TipRanks, 2 Mar. 2023,

    3. “U.S. stocks are mixed as Treasury yields spike By”, 2 Mar. 2023,

    4. “Dow Jones Rises As 10-Year Yield Tops 4%; Tesla Plunges 8% On Disappointing Investor Day” Investor's Business Daily, 2 Mar. 2023,

    5. “Stock Index Futures Move Higher As Dovish Fed Comments Boost Hopes Of Fed Pivot” Barchart, 3 Mar. 2023,

    6. “US Stocks Rise as Sentiment Improves; Bonds Rally: Markets Wrap” Yahoo News, 3 Mar. 2023,

    7. “Nasdaq, S&P slide on wage inflation worries, Dow bucks trend (SP500)” Seeking Alpha, 2 Mar. 2023,

    8. “Stock market news today: Stocks rally as Salesforce's 11% gain lifts Dow while S&P, Nasdaq reverse early losses” Yahoo News, 2 Mar. 2023,

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