Dow, S&P Climb on Energy and Industrials; Nasdaq Falls<br />Major indexes advanced early as worries about a faster pace of interest rate hikes by the U. S. Federal Reserve were eased by comments by St. Louis Fed President James Bullard, who expressed concerns<br />that a "bunch of hikes" could turn Fed policy restrictive.<br />NEW YORK — The Dow and S&P 500 advanced on Thursday to halt a two-session losing skid, buoyed by gains in industrial<br />and energy shares as U. S. Treasury yields eased, while the Nasdaq lost ground for a third straight session.<br />The concerns over rising interest rates have dogged Wall Street of late,<br />and stocks stumbled on Wednesday after minutes from the Federal Reserve’s January meeting showed the central bank’s rate-setting committee grew more confident in the need to keep raising rates.<br />Benchmark 10-year U. S. Treasury yields retreated from the more than four-year highs hit on Wednesday.<br />The Dow Jones Industrial Average rose 164.7 points, or 0.66 percent, to 24,962.48, the S&P 500 gained 2.63 points, or 0.10 percent, to 2,703.96,<br />and the Nasdaq Composite dropped 8.14 points, or 0.11 percent, to 7,210.09.<br />Energy stocks, up 1.08 percent, also helped support gains, as oil prices advanced on a surprise draw in U. S. crude inventories.<br />Those gains faded, however, and major indexes finished well off session highs as investors<br />exercised caution in what is likely to be a rising interest rate environment.<br />" he said. that I wouldn’t be out there aggressively buying stocks because until the interest rate picture clarifies,<br />and it probably will do so at a higher level, it is just going to create problems for equities,
