Stock Market Today: Stocks get Fed boost; Apple and Amazon on deck

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U.S. shares prolonged gains Thursday, powered partially by technique to as nicely advances for the tech quarter and a pullback in Treasury bond yields, as investors reacted to dovish significance signals from the Federal Reserve even as eyeing cash from Apple and Amazon after the bell.

Updated at 9:forty five AM EDT

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The S&P 500 changed into marked 34 facets increased, or zero.sixty two%, in the gap minutes of trading, with the Nasdaq rising 110 facets, or zero.63%.

The Dow, meanwhile, changed into marked 100 and sixty facets even as the small cap Russell 2000 won 5 facets, or zero.24%.

Benchmark 10-year Treasury hinder in mind yields, meanwhile, were flirting with the 4% threshold and altering hands at 4.008%, even as 2-year notes hit a multi-week low of 4.239%.

S&P 500 Opening Bell Heatmap (Aug. 01, 2024)$SPY +zero.forty seven%