Wall Street extends rally, Dow Jones climbs 202 points
NEW YORK, New York - U.S. stocks extended their rally on Wednesday amid a global clamor for stocks, sliding oil prices, and retreating Treasury yields.
But will it last?
"Falling bond yields are being interpreted by equity markets as a positive in the near term," JPMorgan Chase's Marko Kolanovic told MarketWatch Wednesday. Yet, "absent pre-emptive rate cuts by global central banks, we see risks compounding