Market Report - US Close

US close: Stocks drop as bond yields hit eight-month high

By Benjamin Chiou

Date: Tuesday 07 Jan 2025

(Sharecast News) - US stocks sold off sharply on Tuesday as bond yields hit a nine-month high on the back of stronger-than-expected economic data and renewed concerns about inflation.

The Dow finished 0.4% lower, while the S&P 500 and Nasdaq dropped 1.1% and 1.9% respectively, pulling back after two days...

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