Wall Street spent another week learning an old lesson: The bond market can be more powerful than the stock market. Treasury yields surged to levels not seen in more than two decades as investors wrestled with stubborn inflation, expensive oil, enormous government borrowing and an economy that—until Friday—continued to look surprisingly resilient. Then Friday changed…

Sometimes bad economic news is good news for Wall Street. Friday was one of those days. The US economy created far fewer jobs than expected in September, providing the clearest evidence yet that the labor market is losing momentum. Normally, that wouldn’t be something investors celebrate. But stocks surged. Why? Because a weaker labor market…

October started with a battle between two powerful forces: AI optimism and historically high interest rates. For most of Thursday, Wall Street couldn’t decide which one would win. Stocks initially sold off as Treasury yields surged to levels not seen in more than two decades. But yields eventually retreated, AI stocks recovered, and the major…

Wall Street just received some good news about inflation. And strangely enough, most stocks still fell. The Federal Reserve’s preferred inflation measure came in cooler than expected Wednesday, dramatically reducing expectations for another interest-rate hike in October. Technology stocks welcomed the news. The broader market wasn’t nearly as enthusiastic. For the day: 📈 Nasdaq Composite:…

Wall Street had plenty to worry about Tuesday. Stocks finished modestly lower as long-term Treasury yields pushed further into territory not seen in decades, consumer confidence deteriorated, and investors confronted another round of uncomfortable questions about the enormous amounts of money flowing into artificial intelligence. For the day: 📉 Dow Jones: -0.26% 📉 S&P 500:…

Wall Street started the week on the defensive. Stocks fell Monday as renewed tensions between the United States and Iran pushed oil prices higher, while another selloff in the Treasury market sent long-term yields to levels not seen in nearly two decades. Meanwhile, investors confronted a new concern surrounding the artificial intelligence boom: What happens…