(Reuters) - NEW YORK, June 8 - U.S. stocks gained on Friday
after bond yields retreated from a sharp rise to 5.25 percent,
easing concerns about the impact of rising interest rates on
stocks.
Semiconductor shares were also a boon to the market after
National Semiconductor Corp. , an analog chip maker,
reported higher-than-expected profit and revenue. Qualcomm Inc.
said demand for its wireless chips is looking better
than expected.
Read more at Reuters.com Bonds News
after bond yields retreated from a sharp rise to 5.25 percent,
easing concerns about the impact of rising interest rates on
stocks.
Semiconductor shares were also a boon to the market after
National Semiconductor Corp. , an analog chip maker,
reported higher-than-expected profit and revenue. Qualcomm Inc.
said demand for its wireless chips is looking better
than expected.
Read more at Reuters.com Bonds News
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