Dow Jones rallies 194 points as U.S. bond yields soften
NEW YORK, New York - A softening of bond yields Thursday helped to underpin U.S. stock prices.
"What we're seeing here is a stock market trying to absorb the Fed's tightening and basically trying to put in a low in a bear market," Peter Cardillo, chief market economist at Spartan Capital Securities in New York told Reuters news agency Thursday.
"We have yields that are coming down, and so that's helping sto