Stock Rally Stalls on Mixed Earnings and Rising Bond Yields Ahead of Fed Meeting
By Panos Mourdoukoutas The rally in U.S. stocks stalled last week on mixed earnings reports and rising bond yields ahead of the Federal Open Market Operations (FOMC) meeting next week. The S&P 500 ended Dec. 13 at 6,051, down 0.64 percent for the week; the Dow Jones was down by 1.82 percent; the Nasdaq managed to close with a gain of 0.34 percent; and the small-cap Russell 2000 lost 2.58…
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