Stocks

Wall Street Weekly: Rally Pauses Amid Profit-Taking, Rising Treasury Yields

The new corporate earnings season kicks off next week with reports from major U.S. banks.
Wall Street Weekly: Rally Pauses Amid Profit-Taking, Rising Treasury Yields
Traders work on the floor of the New York Stock Exchange on July 11, 2025. Spencer Platt/Getty Images
Panos Mourdoukoutas
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After a two-week rally that pushed the S&P 500 Index and the Nasdaq Composite Index to new highs, U.S. stocks mainly traded sideways last week.

They ended slightly lower because of profit-taking, rising Treasury bond yields, and renewed trade tensions ahead of the new earnings season, and inflation reports.

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.”