Wall Street Holds Back on Big Bets Before Key Data: Markets Wrap
- S&P 500 shows signs of fatigue after notching multiple records
- Treasuries decline amid heavy slate of corporate-bond sales
The relentless rally in stocks took a breather on Monday, with traders awaiting this week’s batch of jobs data and remarks from Federal Reserve officials for clues on the interest-rate outlook.
In the absence of fresh catalysts, equities showed signs of exhaustion after a rally that drove the S&P 500 to its 15th record in 2024. Treasuries fell, with syndicate desks calling for $30 billion of new high-grade bond sales this week.