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Can Wall Street Earnings Save the Stumbling US Stock Rally?
Can Wall Street Earnings Save the Stumbling US Stock Rally?
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The U.S. stock market is experiencing a significant downturn, with the S&P 500 dropping to levels last seen on November 5, just before Donald Trump's second presidential term. Investors are increasingly anxious, leading to a sell-off in stocks and a surge in bond yields. Inflation fears are exacerbating the situation, and even the Federal Reserve is struggling to manage the crisis. The S&P 500 was down 0.6% at press time, hovering around 5,793 after hitting a low of 5,773 earlier in the session. This marks a nearly 5% decline from its peak following Trump's election victory, which initially spurred a market rally.
