By Park-Elm|
2023-10-05T15:57:02+00:00
October 5th, 2023|Markets|
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- As 10-year Treasury yields rose to a 15-year high, the U.S. market rally fizzled, with the S&P 500® down 3% in Q3.
- Pessimism amid renewed inflation concerns coupled with worries about the Fed’s hawkish guidance saw the more domestically oriented S&P SmallCap 600® underperform, down 5%.
- Energy maintained its spot at the top of the leaderboard and was the sole sector to post a double-digit gain, propelled by rising oil prices.
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