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, that reaction might seem surprising to some investors. The labor market is expanding at its fastest pace since March, with job gains seen across a broader swath of industries. The resilience of the U.S. economy and labor market has received much of the credit for powering the U.S. stock market higher over the past two years. What changed?
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