Stocks Point to Higher Start After Fed Interest Rate Bump

Stocks are pointing to a higher start after snapping a 7 session winning streak as the Federal Reserve raised rates and indicated more hikes are to come in 2017.
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The yield on the 10 year Treasury Note jumped to 2.6% in European trade, up from 2.52% Wednesday. The move puts yields on those bonds on course for their highest close since September 2014, according to Tradeweb. Stocks are pointing to a higher start after snapping a 7 session winning streak as the Federal Reserve raised rates and indicated more hikes are to come in 2017. Yahoo! ( (YHOO) ) disclosed another, bigger data breach and some are asking if this puts the Verizon ( (VZ) - Get Report ) buyout in jeopardy. Yahoo said more than a billion email accounts were compromised back in August 2013. Verizon said in a statement that is it evaluating the situation as Yahoo continues its investigation. Uber has been ordered by California state regulators to stop using self-driving cars in San Francisco. The Associated Press says it didn't get the proper permits issued by the state.