Rising Treasury Yields Challenge Trump’s Bull Market
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Wall Street investors hoping for a traditional Santa Rally have been disappointed so far. Stock index futures suggest continued struggles for equities, following a 1.1% drop in the S&P 500 at the end of last week. According to economists, 2024 has been a record-setting year for Wall Street, with the S&P 500 reaching 57 record highs. However, rising bond yields are presenting challenges for equities, with the benchmark 10-year Treasury yield closing last week at its highest level in seven months. Since September, yields have jumped nearly a full percentage point.
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