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Tech stocks and calm bond market drive gains for Wall Street

11-11-2023

Wall Street’s main indexes ended higher on Friday, boosted by a surge in technology stocks and a relatively calm session for bonds.

Helping to support equities, the yield on the benchmark 10-year Treasury note was little changed following a surge in the previous session that was triggered by a weak 30-year bond sale and Fed chief Jerome Powell’s “sterner” tone on policy.