The Globe and Mail reports in its Friday edition that U.S. stocks closed lower on Thursday, snapping the longest winning streaks for Nasdaq and S&P 500 in two years, as Treasury yields climbed after a disappointing auction of 30-year bonds and comments from Federal Reserve chair Jerome Powell. A Reuters dispatch to The Globe says that the Canadian stock market this week again diverged in performance, with the S&P/TSX Composite Index ending with gains as commodity prices rebounded and investors cheered upbeat corporate earnings. Mr. Powell said central bank officials "are not confident" interest rates are high enough to tame inflation, and may not get much more help from improvements in the supply of goods, services and labour. U.S. stocks had moved slightly lower prior to Mr. Powell's comments as yields climbed after a weak auction of $24-billion (U.S.) in 30-year Treasuries. The benchmark 10-year Treasury note yield by late afternoon was up 12.8 basis points at 4.636 per cent. The Canadian 10-year government bond yield was up an even steeper 18 basis points, to 3.890 per cent. Shares climbed sharply at Stelco Holdings, Rogers Communications, Suncor and Manulife after posting better-than-expected earnings.