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U.S. Treasury yields edged lower Thursday after new jobless claims show the number of people who applied for unemployment benefits in early June jumped to a nearly two-year high, while investors reassessed Federal Reserve policy trajectory following unexpected interest-rate rises by central banks in Australia and Canada.
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U.S. stocks close higher Thursday, lifting the S&P 500 index out of a long bear market as investors in richly-valued technology companies attempt to shake off interest rate worries.
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Insurers typically benefit from rising interest rates. The recently released strong macroeconomic data has increased the odds of another rate hike in June. Therefore, it could be wise to buy...
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