• US stocks whiplashed as banks drop on earnings results and bond yields surge

    7 days ago - By Business Insider

    Traders have been cheered by earnings but are still concerned about inflation. Brendan McDermid/Reuters US stocks experienced a volatile trading session on Friday as bond yields surged and banks reported earnings results. A big miss in December retail sales initially sent the Nasdaq lower before recovering. US retail sales dropped 1.9% in December from the prior month, while economists expected a drop of only 0.1%. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. December retail sales data , a surge in bond yields, and earnings results from banks sent mixed...
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