S&P 500 Nears Post-Election Losses
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Treasury marketReuters
•Morning Bid: S&P500 wipes post-election gains as bonds haunt
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.
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