Stocks Drop, US Yields Top 4% as Rate-Cut Bets Ebb: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks fell and major Treasury yields rose above 4% after solid U.S. economic data undercut bets that the Federal Reserve will cut deep interest rates next month. Most Read Articles on Bloomberg S&P 500 contracts fell 0.4% and Nasdaq 100 futures fell 0.5%. Borrowing costs for 10-year U.S. Treasuries rose above 4% for […]