S&P 500 Retreats Despite Powell’s Renomination, XLF Gains as U.S. Yields Soar

The S&P 500 closes lower at the start of the week, despite an earlier rally triggered by Powell's renomination to Fed chair. Meanwhile, the XLF ETF climbs about 1.4% on rising bond yields.

from DailyFX – Market News https://bit.ly/3cDExsE
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