» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 45 | NO. 2 | Friday, January 8, 2021

Stocks slip as Wall Street takes a breather after 4-day run

The Associated Press

Print | Front Page | Email this story

Stocks closed lower on Wall Street Monday as trading cools in markets around the world following record-setting runs.

The S&P 500 fell 0.7%, breaking a four-day winning streak.

Analysts said a pullback was no surprise following the big rally recently for everything from stocks to bond yields to commodities amid a wave of optimism. At the same time, the worsening pandemic continues to slam the economy.

Treasury yields continued to rise, partly on expectations that the U.S. government is set to borrow a lot more money for stimulus programs.

That has investors raising their expectations for economic growth and inflation.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0