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A pullback in both Treasury yields and crude oil prices helped lift US shares Thursday, but the S&P 500 Index and Nasdaq Composite were still on pace for sharp drops for the week and the month. The Dow Jones Industrial Average rose 0.35%, the S&P 500 gained 0.59%, and the Nasdaq Composite advanced by 0.83%, as gains were led by the communication services sector and materials. The rate-sensitive utilities sector sank over 2%, continuing its recent slide. European equities also managed to make some gains yesterday, with the Euro Stoxx 50 advancing by 0.7% thanks to a bigger-than-anticipated drop in inflation in Germany.
Summary for 29.09.2023
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