Wednesday, October 3, 2018

Dow opens at record high



Wall Street advanced on Wednesday and the Dow Jones Industrial Average closed at a record for a second day, after U.S. economic data fueled a rise in Treasury yields, lifting financial stocks....

The ADP National Employment Report showed private payrolls jumped by 230,000 jobs in September, the largest gain since February. A report from the Institute for Supply Management showed services sector activity hit a 21-year high in September.

The data fed expectations for a U.S. Federal Reserve interest rate hike in December. The yield on the 10-year U.S. Treasury note US10YT=RR touched its highest level in over seven years at 3.179 percent and the two-year yield US2YT=RR hit its highest in more than a decade....