Market Midday: Stocks Plunge, Bond Yields Spike, Post-Electon Market Gains Wiped Out 1/10/25
CNBC Business News Update
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Market Downturn Amid Rising Yields and California Wildfires
This chapter examines the recent stock market decline influenced by rising bond yields and a robust jobs report, fueling concerns about interest rates and inflation. It also highlights the catastrophic implications of wildfires in Los Angeles on major insurance companies and their anticipated losses.
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