Stock market today: Dow, S&P 500, Nasdaq soar as inflation cools, bank earnings shine
The 10-year Treasury yield ( ^TNX) dropped over 12 basis points to trade around 4.66% after the cooler-than-expected reading. It had been up at its highest level in more than a year, serving as a headwind for stocks.
40mon MSN
US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.
Investors await details of fiscal and tax policies under Trump’s second term — and the 10-year Treasury yield’s response.
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