US stocks whiplashed as banks drop on earnings results and bond yields surge

Business Insider
Jan 14, 2022, 4:08 pm113 pts
Traders have been cheered by earnings but are still concerned about inflation. Brendan McDermid/Reuters US stocks experienced a volatile trading session on Friday as bond yields surged and banks reported earnings results. A big miss in December retail sales initially sent the Nasdaq lower before recovering. US…

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