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Stocks Climb on Lower Bond Yields and Strength in Chip Makers
['Mon', 'September', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Chip makers are climbing today to lead technology stocks higher.
Stocks extended their gains today after US Aug pending home sales rose more than expected by the most in 5 months.
Also, S&P companies are expected to post +6.9% earnings growth in Q3, up from +6.7% as of the end of May.
On Friday, Sep nonfarm payrolls are expected to increase by +50,000, and the Sep unemployment rate is expected to remain unchanged at 4.3%.
Energy producers and energy service providers are sliding today with the price of WTI crude oil down more than -2%.