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Federal Reserve Chairman Jerome Powell and US Treasury Secretary Janet Yellen
Federal Reserve Chairman Jerome Powell and US Treasury Secretary Janet Yellen participate in a meeting of the Financial Stability Oversight Council at the US Treasury on July 28, 2023 in Washington, DC.
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Jerome Powell
Federal Reserve Chairman Jerome Powell appears during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, Nov. 30, 2021.
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stock traders nyse
  • US stocks moved higher on Thursday, while bond yields fell. 
  • The Dow Jones Industrial Average gained more than 100 points. 
  • The 10-year yield retreated from a 15-year high to about 4.606%. 

US stocks closed in the green on Thursday as bond yields retreated from multi-year highs.

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Federal Reserve Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC.