It’s been rough patch for stocks with the Dow and the S&P 500 at risk of posting their first monthly loss in a year as investors fret about accelerating inflation and a spike in bond yields. But most Wall Street strategists believe that fears about inflation may be overblown and it will be a while before the 10-year Treasury yield hits 3%—a level that has often heralded a bear market in the past.

Topics:  dow   s&p   wall street   treasury   market   spike   stocks   inflation   
BING NEWS:
  • Stock market today: Stocks sink, yields jump after inflation data torpedoes rate-cut hopes
    Meanwhile, bond yields soared. The 10-year Treasury yield (^TNX) gained as much as 20 basis points on Wednesday afternoon, hitting nearly 4.57%, its highest level since November. The moves came ...
    04/11/2024 - 8:04 pm | View Link
  • Stock Market News: Dow Slides After CPI Data
    The 2-year Treasury ... won't be able to start cutting rates this summer. Odds that it won't cut at all this year rise to 13%, from 2% yesterday, on the CME's FedWatch tool. The 10-year yield ...
    04/10/2024 - 12:07 pm | View Link
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