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Financials lift Wall Street, but rate worry caps gains

Updated : October 04, 2018 06:56 AM IST

Rising yields boosted financial shares, putting the S&P 500 within striking distance of a record.
Financials were also aided by signs Italy would cut its budget deficit and lower its debt, easing a concern that had pressured global stock markets.
The S&P 500 posted 29 new 52-week highs and 14 new lows; the Nasdaq Composite recorded 38 new highs and 67 new lows.
Financials lift Wall Street, but rate worry caps gains
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