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Monday, Jul 8
Market recap: Stocks held gains as optimism spread ahead of earnings season, but the tech-heavy...
Market recap: Stocks held gains as optimism spread ahead of earnings season, but the tech-heavy Nasdaq lagged, weighed by a 3.6% drop in Intel. The two-day string of gains is the result of investors moving out of bonds and into stocks after Friday's jobs report, though Treasury prices rose today; 10-year yields fell to 2.643% after hitting 2.718% Friday, highest since Aug. 2011. The dollar index slipped from three-year highs.