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Reuters

Reuters

Morning Bid: S&P500 wipes post-election gains as bonds haunt

Reuters
Summary
Nutrition label

78% Informative

Wall Street's S&P 500 index has all but wiped out its post-election gains, weighed by bond markets fearful of an inflation and interest rate resurgence if the hot economy gets stoked by President-elect Donald Trump's incoming administration.

With the fourth-quarter corporate earnings season about to unfold from Wednesday , the S.P 500 clocked another 2% loss for the week and closed on Friday less than 1% from where it ended polling day on Nov. 5 .

Taiwan Semiconductor Manufacturing Co (TSMC ) expected to report a 58% leap in fourth-quarter profit.

BlackRock , Citigroup , JPMorgan , Wells Fargo , Goldman Sachs , Bank of New York Mellon all due out Wednesday .

Back stateside, the earnings season looms.

VR Score

89

Informative language

95

Neutral language

68

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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