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Stocks Sold Off on Friday, Closed Lower for a Second Week on Rising Bond Yields

New data fuels Wall Street’s fear that inflation may be on the rise again.
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Stocks Sold Off on Friday, Closed Lower for a Second Week on Rising Bond Yields
Traders work on the floor of the New York Stock Exchange on Jan. 10, 2025. Spencer Platt/Getty Images
Panos Mourdoukoutas
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Business Analysis

U.S. stocks sold off on Friday, led by small caps, ending lower for a second week as global bond yields headed higher for another week.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”