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Stocks, bonds suffer record new year drop
Mint Mumbai
|January 04, 2024
Traders hoping that a pan-markets rally would pick up year-end.
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where it left off got the opposite on 2024's first trading day, a session that featured one of the worst-ever concerted drops in stocks and bonds to start a year.
The SPDR S&P 500 ETF Trust (ticker SPY) and iShares 20+ Year Treasury Bond ETF (TLT) each fell 0.6% Tuesday, the first time they've both slumped so much to start the year since the bond gauge began trading in 2002.
This story is from the January 04, 2024 edition of Mint Mumbai.
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