US STOCKS-Wall Street rallies, on course for weekly gains as Treasury yields dip,"The employment market is still very strong and the data this morning points to a soft landing." At 1:56PM ET, the Dow Jones Industrial Average rose 279.29 points, or 0.85%, to 33,282.86, the S&P 500 gained 51.18 points, or 1.29%, to 4,032.53 and the Nasdaq Composite added 189.80 points, or 1.66%, to 11,652.78. Among the 11 major sectors of the S&P 500, all but consumer staples were in positive territory, with communication services and consumer discretionary enjoying the largest percentage gains.
US STOCKS-Wall Street rallies, on course for weekly gains as Treasury yields dip
"The employment market is still very strong and the data this morning points to a soft landing." At 1:56PM ET, the Dow Jones Industrial Average rose 279.29 points, or 0.85%, to 33,282.86, the S&P 500 gained 51.18 points, or 1.29%, to 4,032.53 and the Nasdaq Composite added 189.80 points, or 1.66%, to 11,652.78. Among the 11 major sectors of the S&P 500, all but consumer staples were in positive territory, with communication services and consumer discretionary enjoying the largest percentage gains.
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