Markets Swing to Negative on Healthy Econ Data (& Higher Bond Yields)
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The S&P 500 and Nasdaq ended their two-day winning streak, dropping by 1.11% and 1.88% respectively, due to healthy economic data and rising bond yields.
January 07, 2025 | 11:45 pm
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NEGATIVE IMPACT
The Nasdaq index, represented by the QQQ ETF, fell by 1.88% due to the impact of healthy economic data and rising bond yields.
The Nasdaq's decline is attributed to the market's response to economic data and bond yields, which are significant drivers of tech stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The S&P 500 index, represented by the SPY ETF, fell by 1.11% as healthy economic data and rising bond yields led to a market downturn.
The S&P 500's decline is directly linked to the market's reaction to economic data and bond yields, which are key factors influencing stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90