(OP)inions US shares up

February9, 2022 

U.S. shares rose in a broad-based rally, with gains in cyclicals and small-caps signaling improving investor confidence in the growth outlook amid monetary tightening. 

The S&P 500 closed near session highs, recovering ground lost in Mondays late-day slide, amid gains in financials and materials sectors.

Dip-buying in some big tech names like Apple Inc. and Microsoft Corp. helped lift the Nasdaq 100.

Meanwhile, the Russell 2000 of small-caps outperformed, jumping more than 1.5% and suggesting confidence about economic re-openings as the pandemic fades.  

The 10-year Treasury yield climbed to 1.96%, levels last seen in 2019 with some investors bettingits heading for 3% this year as the Federal Reserve battles red-hot inflation.

The dollar edged higher against a basket of peers.  

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