Stock Rally Stalls on Mixed Earnings and Rising Bond Yields Ahead of Fed Meeting

Stock Rally Stalls on Mixed Earnings and Rising Bond Yields Ahead of Fed Meeting
Traders work on the floor of the New York Stock Exchange during morning trading in New York City on Nov. 26, 2024. Michael M. Santiago/Getty Images
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The rally in U.S. stocks stalled last week on mixed earnings reports and rising bond yields ahead of the Federal Open Market Operations (FOMC) meeting next 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.”