US Stocks Rise As Tech Rebounds On Lower Treasury Yields, UAW Strikes Widen: What’s Driving Markets Friday?

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Wall Street is in the green on Friday, showing gains across major U.S. equity indices following significant losses on Thursday. Notably, the technology sector is leading the way, capitalizing on a retreat in Treasury yields. This positive momentum is occurring despite hawkish comments from Federal Reserve officials earlier in the day. Federal Reserve Bank of Boston President Susan Collins emphasized that crucial aspects of inflation, such as core services excluding shelter, have yet to demonstrate sustained improvement. Fed board member Michelle Bowman indicated that progress on inflation is l…

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