NEW YORK: A highly awaited inflation report and elevated bond yields offer the latest test to a US stock rally that has delivered hefty gains this year.
The benchmark S&P 500 index is up 16.6% year to date, fuelled by an improving economic outlook, excitement over developments in artificial intelligence and signs that the Federal Reserve (Fed) is close to ending its market-bruising US interest rate hikes.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
