• Dow adds 372 points, Nasdaq 1.3% as Peloton soars 25%

  U.S. stocks picked up broad momentum in afternoon trading as the Nasdaq Composite led the major averages helped by Peloton which tacked on 25% after announcing a restructuring and the sidelining of CEO John Foley. Financials were also strong as the 10-year Treasury yield hit a 52-week high of 1.95%. In commodities, oil fell to $89.36 per barrel.

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