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US stocks rise for third day in a row as bond yields fall

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Stocks in the United States rose for the third day in a row as the market continues to assess the effect of the conflict between Israel and Hamas. Bond yields fell because investors wanted the safety of U.S. Treasury bonds, and this drop in yields helped boost the stock market. Today was the first day that Treasury bonds were traded since the start of the conflict between Israel and Hamas, as the bond market was closed on Monday.

The Dow Jones rose 134.65 points (0.4%) to 33,739.30. The S&P 500 gained 22.58 points (0.5%), reaching 4,358.24. The Nasdaq rose 78.61 points (0.6%), ending the day at 13,562.84.

The yield on the 10-year US Treasury note fell 0.149 points to 4.655%, and the 2-year note fell 0.148 points to 4.961%. A Treasury note’s yield is inversely related to its price, so a drop in yield means an increase in its price. Stock market.

Oil prices fell as war-related fears began to fade. West Texas Intermediate crude fell 59 cents per barrel to $85.79, while Brent crude fell 3 cents to $87.62. Over the weekend, some traders began to fear new sanctions against Iran that could reduce supply and increase prices. But Iran denied its involvement on Monday, which gradually began to dampen these expectations.

Gold prices fell $0.79 per troy ounce to $1,860.48. Despite an initial decline, a recovery emerged around 10:30 a.m. ET, allowing gold to recover a significant portion of its earlier losses.

The US dollar index rose 0.29% to 105.77. The euro gained 0.3852% and ended at 1.0606. The yen fell 0.1%, causing the number of yen needed to buy a dollar to rise to 148.6660.

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