S&P 500 falls as Treasury yields rise ahead of inflation data

From Investing.com: 2024-11-12 16:10:56

The S&P 500 closes lower as Treasury yields surge ahead of inflation data release. The index fell 0.6%, the index dropped 0.3%, and the index was down 0.1%. Yields on the 10-year Treasury rose 9 basis points, with investors cautious about potential inflation spikes affecting Fed rate cuts. Traders see a 70.7% chance of another 25 bps cut in December. Earnings reports continue, with Home Depot raising its same-store sales forecast, Shopify forecasting revenue growth, Live Nation beating profit estimates, Hertz reporting a wider loss, and Tyson Foods reporting positive earnings. Netflix announces 70 million monthly active users for its ad-tier service.



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