US stocks soldier on through adversity

US stocks continue to climb despite rising interest rates and squealing bond yields. The S&P 500 index has risen another 12% so far this year, with the technology-focused Nasdaq 100 up a fifth. Thank “a golden period” for company profits, says Iain Snedden of Aegon Asset Management. S&P 500 earnings rose 50% year on year in the second quarter, an “incredible number” that you usually only see during a recovery after a recession.While mega-cap tech stocks remain in