News Snapshot:
The yield on the US 10-year note leapt 9 basis points to 3.48 per cent in New York, in sync with similar moves elsewhere. On Wall Street, a broad rally helped the Nasdaq retake the 11,000 level, helped the S & P 500 put 4000 points within reach and even bolstered the Dow Jones, which was held back by a drop in Goldman Sachs. The Wall Street Journal reported that Goldman’s consumer business was being reviewed by the Federal Reserve. On Wall St: Dow +1% S & P +1.9% Nasdaq +2.7% In New York: BHP +0.8% Rio +1.4% Atlassian +6%...
