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S&P 500 Hits a Record as AI Stocks Lead the Rally
The U.S. benchmark index climbed to a historic high despite rising bond yields and oil-price pressure, closing above 7,800 for the first time.
Two key calls will steer markets ahead of the UK budget
London is trying to balance an Iran-war energy shock against rising borrowing costs ahead of the budget due on Oct. 28.
UK Long-Term Borrowing Costs Hit Highest Level Since 1998
The yield on Britain’s 30-year government bond climbed to 5.89%, squeezing fiscal room ahead of the late-October budget.