Stocks Off to Hot July Start Despite Yields, Crude Oil
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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.
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The S&P 500 closed at a new all-time high above 5,500 following a drop in Treasury yields due to dovish remarks from Fed Chair Powell. Fed minutes loom tomorrow in a short session.
Published 07/02/24
Published 07/02/24
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.
Published 06/28/24
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