Inflation Bets Push Yields Higher, Pressuring SPY and QQQ
TL;DR
U.S. equities faced selling pressure as long‑term yields rose on elevated inflation expectations, with SPY and QQQ finishing lower as the 30‑year yield hit 5.17% and the 10‑year climbed to 4.66%. Rate‑cut odds for 2026 dropped to about 0.6%. A Bank of America survey showed 66% of fund managers expect the 30‑year yield to exceed 6% over the next year, reinforcing the negative impact of higher yields on equities by raising discount rates. Nvidia is set to report after the close, Alphabet slipped despite Google I/O updates, and analysts lifted price targets on Micron and SanDisk.
- Stock Market Today: SPY, QQQ Retreat as Inflation Pressures Drive Bond Yields Higher TipRanks
- US stocks fall further from their records after bond markets crank up the pressure AP News
- Stock Market Extends Orderly Pullback As Leaders Hold Well. Two Oil & Gas Names To Watch. Investor's Business Daily
- Wall St ends lower as inflation worries push up yields Reuters
- Stock market today: Dow jumps 600 points, S&P 500, Nasdaq rally as oil prices fall, bond sell-off eases Yahoo Finance
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