US STOCKS-Wall St slides as Treasury yields hurt megacaps after retail sales data
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Wall Street’s main indexes dropped on Wednesday, as megacaps
took a hit on rising Treasury yields, after a
higher-than-anticipated rise in December U.S. retail sales
tempered hopes of early interest-rate cuts from the Federal
Reserve this year.
took a hit on rising Treasury yields, after a
higher-than-anticipated rise in December U.S. retail sales
tempered hopes of early interest-rate cuts from the Federal
Reserve this year.
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