U.S. stocks rise as yields fall

11:41 am ET Jun 14, 2007

DJIA

13,544

+61.70

S&P

1,521

+6.32

NASDAQ

2,597

+15.65

10Yr

5.21%

+0.011

U.S. stocks rise as yields fall

NEW YORK
U.S. stocks rallied on Thursday, as investors were heartened that a
stronger-than-expected 0.9% rise in May producer prices failed to spook
the bond market, keeping bond yields in check.

Mortgages: Rate on 30-year fixed mortgage jumps to 6.74%

CHICAGO
U.S. mortgage rates jumped this week as a sell-off in the Treasury
market pushed benchmark interest rates up sharply. Freddie Mac in its
weekly survey Thursday said the national average on the 30-year
fixed-rate mortgage hit 6.74%, up from 6.53% a week ago and the highest
level since July 2006.

Economic Report: Producer prices rise 0.9% on energy; food prices fall

WASHINGTON
Led by another big gain in energy prices, wholesale prices rose a
greater-than-expected 0.9% in May, the Labor Department reported
Thursday.