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- US stocks rose Thursday even as the 10-year Treasury yield hits the highest since 2008.
- The benchmark rate reached 4.30% after hawkish comments from the Fed.
- Dow Jones Industrial Average components Walmart and Cisco beat earnings views.
US stocks opened higher Thursday amid positive earnings reports, while the 10-year Treasury yield hit the highest level since 2008.
Dow Jones Industrial Average components Walmart and Cisco rallied after reporting strong quarterly earnings.
Meanwhile, the 10-year yield reached 4.30% before easing back a bit. On Wednesday, minutes from the Federal Reserve's meeting last month revealed that policymakers remained concerned about inflation and were open to further rate hikes.