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S&P 500 Hit 4,000, Bank Stocks Soar, Treasury Yields Rise, As Worries Over Banking Crisis Ease – Traders Await FOMC

It's a day of deep risk-on in markets, with stocks posting strong gains, bonds and gold plunging as Treasury yields climbed, after Treasury Secretary Janet Yellen injected confidence over the b

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These 2 High Yielders Could Benefit From An Energy Rally As OPEC+ Cuts Oil Production

The SPDR Select Sector Fund Utilities (ARCA: XLU) is down roughly 10% year-to-date and only invests in utility companies that are included in the S&P 500. With gas futures surging after OPEC+ decided to cut 2 million barrels per day in oil production, many investors are preparing for a winter season with an oil and gas supply crunch.

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