Stocks Inch Higher. Long-Term Bond Yields Rise.

  • November 13, 2024

The Nasdaq Composite was down 0.3%. The consumer price index for October rose at a 2.6% annual rate, which was in line with economist expectations. The yield on the 2-year Treasury note was down to 4.281%, reflecting growing odds the Federal Reserve finds room to cut by a quarter-point at its December policy meeting.