Stocks rise as cooler inflation eases rate-hike expectations; 10-year yield falls to 5.24%

  • Stocks rose Wednesday after cooler inflation data reduced expectations for further Federal Reserve rate hikes.
  • 10-year Treasury yield fell to 5.24% as bond prices stabilized after months of declines.
  • Robinhood announced AI-agent-led trading accounts for everyday customers.

Stocks rose on Wednesday after a cooler-than-expected reading on the Federal Reserve's favored inflation measure reduced expectations of further interest-rate increases. The 10-year Treasury yield fell to 5.24% as bond prices stabilized after months of declines, while Brent futures for November delivery remained near $103 a barrel. Technology shares gained, with Nvidia up less than 1% after leading AI companies signed voluntary safety standards at a Tuesday lunch at the White House. Robinhood shares jumped after the trading platform announced AI-agent-led trading accounts for everyday customers. SoFi Technologies, Boeing and Moderna were among other stocks being viewed by Yahoo Finance readers.

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