05/28/2019

Stocks Drift Higher, Treasury Yields Dip

Stocks rose after a holiday weekend for investors in the U.S. and U.K.

Stocks rose Tuesday after a holiday weekend for investors in the U.S. and U.K. The S&P 500 increased 0.31 percent, or 8.76 points, as of 10:16 a.m. ET. The Dow advanced 0.34 percent, or 86.16 points, while the Nasdaq rose 0.36 percent, or 27.22 points.

Treasury prices were bid higher, with yields across the curve falling Tuesday morning. The yield on the 10-year U.S. Treasury note fell 4.2 basis points to 2.287 percent as of 9:35 a.m., coming off slightly from a 19-month low of just over 2.27 percent.

Investors returned from Monday’s market closure to face ongoing concerns for the future of U.S.-China trade relations. Over the weekend, President Donald Trump said during a state visit in Japan that the U.S. was “not ready to make a deal” with China, and that tariffs on goods from the country could “go up very, very substantially, very easily.”

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