Nasdaq leads as S&P 500, Dow Jones also rally; yields rise

01 Jun Stock Analysis

The stock market is kicking off June with some buying strength, while a rise in rates also indicates confidence in economic prospects.
The Nasdaq (COMP.IND) +0.6%
is performing the best among the major averages, with the S&P (SP500) +0.5%
and Dow (DJI) +0.5%
also comfortably higher.
The 10-year Treasury yield is up 3 basis points to 1.62%.
“It’s been really surprising to me that the bond yield has been going nowhere fast for the last couple of months,” Ed Yardeni of Yardeni Research says.
That’s…