Market Extra
Rising bond yields are heaping pressure on equities as investors fear a resurgence of inflation
Published: Jan. 10, 2025 at 4:53 p.m. ET
U.S. stocks tumbled on Friday after a blockbuster December jobs report.
At first blush, to some investors, that reaction might seem surprising. The labor market is expanding at its fastest pace since March, with job gains seen across a broader swath of industries. And the resilience of the U.S. economy and labor market had received much of the credit for powering the U.S. stock market over the past two years. So what changed?
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