US Stocks Drop as Inflation Data and Treasury Yields Rise
TL;DR Summary
Major US stock indexes declined while Treasury yields rose following inflation data that largely met expectations, maintaining prospects for a September interest rate cut. The S&P 500 dropped 0.7%, with tech shares leading declines, and bond yields increased despite a monthly drop in two-year yields. The dollar strengthened slightly, and global markets showed mixed reactions, with Chinese stocks posting their best month in nearly a year.
- Stocks decline, US Treasury yields rise; US inflation data mostly in line Reuters
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- US Stocks Fall as Fed’s Preferred Inflation Gauge Remains Sticky Bloomberg.com
- S&P 500 retreats from record Friday, but heads for 4th winning month in a row: Live updates CNBC
- Wall Street slips as inflation data fans tariff concerns Reuters
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