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US stock markets retreat as bond yields rise and Trump trade wanes

US stock markets are retreating as Treasury yields surge, leading to declines in major indices, with the S&P 500 slipping below 6,000 and the Russell 2000 down 1.77%. Investor sentiment is affected by speculation around Trump's cabinet appointments, particularly concerning potential tariffs on Chinese goods, while Tesla shares fell 6% amid broader market concerns. Digital World Acquisition Corp (DWAC) also saw a nearly 9% drop, reflecting reassessment of Trump-related investments.
22:51 13.11.2024
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