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After the Bell: Dow Gains 63 Because Higher Bond Yields Don't Matter After All

The Dow Jones Industrial Average flipped yesterday's script on its head, and rose even as Treasury yields climbed higher. It was up, up, and away for bond yields again today, but higher yields didn't put a crimp in the stock market today. Yes, the 10-year Treasury yield rose 0.02 percentage point to 3.1% today, but there was no selloff this time. The Dow Jones Industrial Average advanced 62.52 points, or 0.3%, to 24768.93, while the S&P 500 rose 0.4% to 2722.46, and the Nasdaq Composite gained 0.6% to 7398.3.