S&P 500 Bounces Back as 10-Year Yield Eases

U.S. stocks ended higher Thursday after choppy trading, Reuters reported Oct. 1. The S&P 500 hit a two-week low, then bounced sharply as the 10-year Treasury yield — the government's borrowing rate — slipped from 5.34%, its highest since 2002, per Yahoo Finance. I see relief, not resolution: that rate still keeps mortgages expensive.