Salem Radio Network News Saturday, June 12, 2021

Business

Stocks notch modest gains and a 3rd winning week for S&P 500

Stocks shook off a wobbly day of trading and ended modestly higher on Wall Street, giving the S&P 500 its third weekly gain in a row. The index added 0.2% Friday, led by technology and banks. Bond yields fell this week despite reports showing the economy is gaining strength as well as some signs of inflation. The yield on the 10-year Treasury note was 1.46%. Investors will be closely watching next week’s meeting of Federal Reserve policymakers for their assessment of how much of a threat inflation may poise as the economy emerges from its pandemic-induced recession.

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Steve Breen
Sat, Jun 5, 2021

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