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Stock Market Today: S&P 500 in longest losing streak since October as yields jump

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Stock Market Today: S&P 500 in longest losing streak since October as yields jump

Investing.com-- The S&P 500 closed lower Thursday, notching a fifth-straight daily loss and its longest losing streak since October, as investors weighed up rising treasury yields on easing hopes for rate cuts.Treasury yields continue to melt-up on hawkish fed speak, stronger economic data

Interest are in a"good place", New York Federal Reserve President John Williams said Thursday, though cautioned that"if the data are telling us that we would need higher interest rates to achieve our goals, then we would obviously want to do that." Some on Wall Street remain sanguine on the chipmaker on expectations for an ongoing boost from AI-led demand.

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