Federal Reserve rate cuts. Wall Street’s Early Pop Fizzles as Hot Jobs Data Lifts Yields, Weighs on Stocks At the time of writing, on Feb. 11,
Record Dow? Not Today—Midday Reversal Hits US Equities
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U.S. stocks opened with a burst of optimism Wednesday, but by mid-afternoon that enthusiasm had faded as stronger-than-expected jobs data pushed Treasury yields higher and trimmed hopes for near-term Federal Reserve rate cuts. Wall Street’s Early Pop Fizzles as Hot Jobs Data Lifts Yields, Weighs on Stocks At the time of writing, on Feb. 11,