Newspaper article St Louis Post-Dispatch (MO)

Low Bond Yields Help Drive Stocks

Newspaper article St Louis Post-Dispatch (MO)

Low Bond Yields Help Drive Stocks

Article excerpt

Stocks rose in a shortened post-Thanksgiving session as declining bond yields brightened the outlook for corporate profits.

The 30-year Treasury bond's yield fell to 6.35 percent from 6.43 percent on Thanksgiving eve. Since the start of September, the yield on the 30-year bond has fallen 74 basis points.

The Dow Jones industrial average paarose 8.16 percent in November, the most since its 9.47 percent advance in December 1991. The Standard & Poor's 500 index igained 7.33 percent for the month, and b the Nasdaq composite rtadvanced 5.82 percent for the month. Trading ended at 1 p.m. Eastern time, three hours early. Retail shares gained, buoyed by increasing consumer spending. J.C. Penney & Co. rose 5/8 to 53 3/4, Sears Roebuck & Co. gained 3/4 to 49 3/4, and Federated Department Stores Inc. rose 1/4 to 34 1/8. Toymaker Exx Inc. was among the biggest percentage gainers in U.S. markets as its Class "A" shares soared 3 1/2, or 76 percent, to 8 1/8. …

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