Stock markets have had a turbulent week, with the S&P 500 on the brink of falling into bear territory. That's led investors to seek a safe haven in Treasurys, pushing yields lower.
Inflation has already weighed on investor sentiment for some time, but earnings from retailers this week has sparked concerns that pricing pressures are starting to show in how consumers are spending. Treasury yields climbed on Friday morning, with investors selling out of government bonds and tentatively buying back into stocks.
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Dow Falls 800 Points, Stock Market Selloff Continues As Major Retailers Warn Of Rising Cost PressuresStocks tanked as investors worried about inflation’s impact on consumer spending.
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