(Bloomberg) -- U.S. stocks rose after bond yields
retreated for a third day, easing concern that higher borrowing
costs will reduce loan demand even amid signs the housing slump
is worsening.
General Electric Co., the world's second-largest company by
market value, climbed to a five-year high. Bank of America
Corp., Citigroup Inc. and JPMorgan Chase & Co. led gains in
shares of companies that benefit from falling interest rates.
Read more at Bloomberg Stocks News
retreated for a third day, easing concern that higher borrowing
costs will reduce loan demand even amid signs the housing slump
is worsening.
General Electric Co., the world's second-largest company by
market value, climbed to a five-year high. Bank of America
Corp., Citigroup Inc. and JPMorgan Chase & Co. led gains in
shares of companies that benefit from falling interest rates.
Read more at Bloomberg Stocks News
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