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Stocks Drop for Second Day; Treasuries Advance: Markets Wrap
Bloomberg 2/10/2021 Claire Ballentine and Olivia Raimonde
(Bloomberg) U.S. stocks notched a second straight small decline after reaching a record, as investors assessed what the latest inflation reading means for aid prospects.
The S&P 500 Index ended and up-and-down session lower by less than 0.1%. The Dow Jones Industrial Average posted a gain, while the Nasdaq 100 retreated. The 10-year Treasury yield fell back below 1.15% after the core consumer price index was unchanged last month.
The CPI data are part of an intensifying debate in financial markets over the course of inflation. Despite the muted January figure, investors continue to worry that price pressures are set to increase in the months ahead as Congress passes an aid bill and more vaccinations spur consumer spending.Twitter Inc. climbed after reporting a jump in revenue. Lyft Inc. rallied as the co-founder said the ride-hailing compan
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