Reported 1 day ago
The S&P 500 has nearly erased its gains following the recent elections, driven by fears in the bond markets regarding potential inflation and rising interest rates under President-elect Donald Trump's administration. As corporate earnings season approaches, the index recorded a significant weekly loss, compounded by increases in Treasury yields and a strengthening dollar. Additionally, U.S. sanctions on Russian oil producers may escalate global oil prices, further impacting market dynamics, while economic indicators suggest potential challenges ahead for the Federal Reserve.
Source: YAHOO