Market news
05.01.2011, 19:47

Dow +32.36 at 11723.54, Nasdaq +14.79 at 2696.69, S&P +5.20 at 1275.74

The stock market continues to move sideways along session highs. The dollar also remains near its best level of the day as it sports a 1.0% gain. Treasuries recently slid to fresh session lows, however. The benchmark 10-year Note is now down more than a full point so that its yield is at 3.47%, which is its highest level of the week. Meanwhile, the 30-year Bond is down more than two points so that its yield is at 4.55%. Some economists are concerned that rising yields, though indicative of more risk taking among investors, could curtail demand for housing, which remains a troubled spot in the macro environment.

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