NEW YORK — The latest on developments in financial markets (All times local):
Bond yields climbed and U.S. stock indexes continued their march to record highs after more reports showed the economy continues to strengthen.
The encouraging data released Wednesday could push the Federal Reserve to raise interest rates more aggressively from the record-low rates of the Great Recession.
The yield on the 10-year Treasury note rose to 2.50
The increase in bond yields sent high-dividend stocks lower for the second day running. Utilities, real estate companies and phone companies fell. Bank stocks rose.
The Standard & Poor's 500 index rose 3 points, or 0.1
The Dow Jones industrial average rose 69 points, or 0.3
Big gains in consumer prices and retail sales are sending bond prices lower and yields higher in early trading. Bank stocks rose along with bond yields, but most other stocks fell.
The yield on the 10-year Treasury note rose to 2.51
The higher bond yields sent high-dividend stocks broadly lower for the second day running. Utilities, real estate companies and phone companies fell more than the rest of the market.
The Standard & Poor's 500 index fell 1 point to 2,336.
The Dow Jones industrial average rose 20 points, or 0.1
More stocks fell than rose on the New York Stock Exchange.