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Stock Market Today: S&P 500 rally stalls as Treasury yields jump ahead of CPI data

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Stock Market Today: S&P 500 rally stalls as Treasury yields jump ahead of CPI data

Investing.com-- The S&P 500 closes lower Tuesday, taking a breather from its recent melt-up, pressured by a surge in Treasury yields just a day ahead of fresh inflation data.Treasury yields jumped Tuesday, with yields on the 10-year Treasury10 rising 9 basis points as investors grow wary ahead of key

The Fed cut rates by 25 basis points last week, and reiterated that it would maintain a data-driven approach to further easing. Beyond the CPI data, focus this week is also on addresses from a slew of Fed officials for more insight into the central bank’s plans for rates.said Tuesday that the labor market is resilient, but the Fed is in position to respond to risks as needed.The quarterly corporate earnings season is beginning to ebb, although several firms are still due to unveil their latest results.) stock fell 1.

 

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