US stocks rise in thin trading

US Stocks inched higher in light trading after government data indicated that the economy was growing at a slower pace, raising investors’ hopes that moderating economic growth might halt the Federal Reserve’s streak of interest rate rises.

But gains were capped as General Electric, Advanced Micro Devices and Alcoa fell and bonds declined sharply, sending the yield on the 10-year Treasury bill above 5% for the first time since 2002.