FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly Song
The earnings follow a slowdown in the global market rally on Tuesday as investors reconsidered how much government stimulus spending, easy money from central banks and vaccinations will boost stocks, oil and inflation. The S&P had climbed the previous six sessions and is up 5.3% for the month. All three indexes closed at records on Monday.
The yield on the benchmark U.S. 10-year Treasury notes was last at 1.16% after rising on Tuesday as high as 1.72% but falling back to the same level as on Monday.
this is terrible news
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