The S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day’s sell off as Treasury yields tumbled.
Image: ReutersThe S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day’s sell off as Treasury yields tumbled.The benchmark 10-year note yield dropped from more than a three-year high to below 3%.
“It can’t just be the Fed’s going to raise rates to stave off inflation, because we’ve seen that before,” he said. US President Joe Biden in a speech Tuesday addressing high inflation said he was considering eliminating Trump-era tariffs on China as a way to lower prices for goods in the United States.
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