Stock Market Today: Inflation Fears Pound Tech, Omicron Wave Tests Growth Bets

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The Street

By Martin Baccardax Wall Street looks set to extend last week’s declines, with tech stocks leading to the downside, ahead of a key reading of December inflation, Jerome Powell testimony and the start of the fourth quarter earnings season. U.S. equity futures moved lower Monday, while benchmark 10-year Treasury note yields pierced a fresh 2-year high, as investors continue to re-set prices for stocks, bonds and currencies following last week’s hawkish Fed minutes and robust jobs data. Bond yields are likely to be in focus again this week following the biggest five-day increase for benchmark 10-…

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