<ul><li>The postelection rally in the stock market stumbled as bond yields spiked ahead of key inflation data.</li><li>Some parts of the Trump trade, such as bitcoin and the US dollar, continued to gain, while equity indexes retreated from their previous highs.</li><li>The surge in bond yields, with the 10-year Treasury yield rising 13 basis points, impacted the market and raised concerns about potential interest rate cuts.</li><li>Economists expect a 2.5% year-over-year increase in consumer inflation data, with debates on whether interest rates will remain higher for longer due to potentially inflationary impacts of Trump's policies.</li></ul>

Stock market today: Election rally stumbles as bond yields spike ahead of key inflation data

Discover more