U.S. stocks rose on Wednesday, with each of the major indexes closing at a recor...
The defensive utilities .SPLRCU, real estate .SPLRCT and consumer staples .SPLRCS rose the most among the 11 major S&P sectors as the falling bond yields made stocks that pay high dividends more attractive. The dividend yield for the broad S&P 500 and the 10-year Treasury are nearly identical.
Rising expectations for a rate cut, fueled by softer economic data and comments from global central banks indicating a more dovish stance helped the S&P 500 and the Dow Jones indexes post their best June performance in decades.
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