Marks Cannot Sustain Rebound Amid High Bond Rates

Monday, April 15th, 2024For a while there today, we had our cake and ate it too. Early trading before and directly after today’s opening bell showed a solid rebound from last week’s troubled series of trading sessions. But as bond yields and Middle East tensions remained high — both of which were present when the market was bouncing back — eventually the selloff ensued, ramping down most steeply around 1:30pm ET. The Dow slid -248 points, -0.65%, and the Nasdaq was -290 points, -1.79%. The S&P 500 and small ...