Summary Box: Interest rates rise again as stocks post back-to-back gains
By APThursday, June 3, 2010
Summary Box: Interest rates rise on stock gains
RATES RISE: Interest rates moved higher in the bond market for a second day as back-to-back gains in the stock market diminished buying of safe investments.
ECONOMIC INDICATORS: Rates rose on reports that business at the nation’s services companies grew in May and that the number of people seeking first-time jobless claims slipped for a second week.
STOCKS UP AGAIN: The upbeat economic reports helped send stocks higher for a second day. The Dow Jones industrial average rose about 6 points a day after rising 226.
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