Yields Up Despite Cooler Inflation, Hurting Stocks
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An early rally to all-time highs reversed and stocks ended lower as yields climbed amid political uncertainty. The broader market rose 4% for the quarter and 14% so far this year.
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Wall Street's rally came despite rising Treasury yields and crude oil. The yield rally could reflect increased deficit and inflation fears connected to recent political developments.
Published 07/01/24
Published 07/01/24
Nvidia slumped again, but many software and cloud stocks gained, and the market rose slightly ahead of Friday's PCE data. Yields fell and will be in focus after the report.
Published 06/27/24
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