Market recap: Stocks endured wild swings caused by low post-holiday volume to close broadly...
Jul 5 2013, 16:15 ET
Market recap: Stocks endured wild swings caused by low post-holiday volume to close broadly higher, as better-than-expected jobs data raises expectations the Fed will pull back on QE. While stocks may be coming around to the idea that good news is good, it's a different message in the bond market: 10-year Treasury yields rose 22 bps this week, and 21 of those points came today. The dollar index moved to three-year highs, gold fell 3.1%, and silver slid 4.9%.