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Stocks Plummet as Inflation Fears and Yields Rise

1/8/2025

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Summary

Story summary

U.S. stocks declined amid rising inflation concerns, with the ISM services index for December hitting 64.4%.
The 10-year Treasury yield rose to 4.699%, the highest level since April, affecting Federal Reserve rate cut expectations.
Major indices experienced losses: S&P 500 fell 1.11%, Dow Jones decreased 0.42%, and Nasdaq dropped 1.89%.

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Story summary

U.S. stocks declined amid rising inflation concerns, with the ISM services index for December hitting 64.4%.
The 10-year Treasury yield rose to 4.699%, the highest level since April, affecting Federal Reserve rate cut expectations.
Major indices experienced losses: S&P 500 fell 1.11%, Dow Jones decreased 0.42%, and Nasdaq dropped 1.89%.