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  • NEWS Desk Global

WALL ST FALLS AS TREASURY YIELDS AS




On Monday, Wall Street's primary indices experienced declines, driven by increasing Treasury yields following Federal Reserve Chair Jerome Powell's firm rejection of market speculations regarding imminent rate cuts. Investors also evaluated corporate earnings reports.

New data from the Institute for Supply Management revealed that the growth of the U.S. services sector accelerated in January, accompanied by a measure indicating input prices reaching an 11-month high. Despite Friday's data indicating the labor market's resilience despite tight credit conditions, uncertainty persisted regarding the timing of potential reductions in borrowing costs.

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