US Stocks Rise Despite Surging 10-Year Treasury Yield
US stocks opened higher on Thursday, defying the surge in the 10-year Treasury yield. The benchmark rate reached 4.30%, its highest level since 2008, after the Federal Reserve made hawkish comments. Despite this, investors remain optimistic due to positive earnings reports and economic data. The rise in stock prices suggests that market participants are looking beyond concerns about rising interest rates and inflation.
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