The three major indexes closed higher Monday as traders tried to add to sharp gains seen last week and weighed the latest moves in rates. The Dow gained 1.34%. The S&P 500 rose 1.19%. The Nasdaq was up 0.86%.
cemented his control over the country's Communist Party, inciting fear among investors of trouble ahead for private firms. Under his leadership, China has also previously implemented a slew of policies tightening regulations for the technology sector.for the third quarter, which showed GDP grow 3.9% year over year. Analysts polled by Reuters prior to Oct. 18 had expected China to report GDP growth of 3.4% for the third quarter.— Samantha Subin, Gina FrancollaThe strength of the U.S.
Because of this, the People's Bank of China should be able to contend with currency weakness until the U.S. dollar peaks - likely when the Fed policy rates hit their highs next year. The yield touched an overnight low Monday just below 4.13% overnight but was as high as 4.26% in morning trading. The yield dipped initially but was back at 4.25%, after both S&P Global manufacturing and services PMIs were weaker than expected.