U.S. Stocks Start 2022 at Record; Treasuries Fall: Markets Wrap
- Tesla climbs on blockbuster deliveries in the fourth quarter
- Equity volumes remain light with some markets on holiday
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U.S. equities climbed to a record while Treasuries extended losses as traders braced for the start of a potentially volatile year and three expected rate hikes from the Federal Reserve.
The S&P 500 rose 0.6%, following stocks in Europe to an all-time high, as trading volume remained light with some markets still closed for holidays. The yield on the U.S. 10-year note rose 13 basis points to 1.64% -- its worst start to a year since 2009 -- and the dollar gained.