The S&P 500 backed off its record, falling 0.3%, and bond yields jumped after investors’ hopes for a Fed rate cut next month were all but dashed. The Dow and Nasdaq declined 0.7% and 0.2%, respectively, while the yield on the 10-year Treasury note rose to 4.163%.
Feb 5, 2024 | Uncategorized
The S&P 500 backed off its record, falling 0.3%, and bond yields jumped after investors’ hopes for a Fed rate cut next month were all but dashed. The Dow and Nasdaq declined 0.7% and 0.2%, respectively, while the yield on the 10-year Treasury note rose to 4.163%.
