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Falling bond yields helps stocks end up | The Honolulu Advertiser | Hawaii's Newspaper

Posted at 12:35 p.m., Tuesday, June 19, 2007

Falling bond yields helps stocks end up

Associated Press

Wall Street rose modestly Tuesday, as declining bond yields calmed investors' fears about high rates hurting corporate takeover activity and the sluggish housing market. The yield on the 10-year Treasury note, which surged to five-year highs last week, dropped to 5.07 percent from 5.14 percent late Monday. However, a disappointing profit forecast from Best Buy Co. and a decline in new home construction limited stocks' gains.

  • The Dow Jones industrial average climbed 22.44, or 0.16 percent, to 13,635.42.

  • The Standard & Poor's 500 index gained 2.65, or 0.17 percent, to 1,533.70.

  • The Nasdaq composite index advanced 0.16, or 0.01 percent, to 2,626.76.

    For the week:

  • The Dow is down 4.06, or 0.03 percent.

  • The S&P is up 0.05, or less than 0.01 percent.

  • The Nasdaq is up 0.79, or 0.05 percent.

    For the year:

  • The Dow is up 1,172.27, or 9.41 percent.

  • The S&P is up 115.40, or 8.14 percent.

  • The Nasdaq is up 211.47, or 8.76 percent.
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