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Stock rally falters, yields climb as vote count continues

November 6, 2020

Via: Fortune

Wall Street’s best week since April is taking its first breather on Friday, and stocks are slipping following their big rally on enthusiasm about the upside of potential gridlock in Washington.

Optimism was still pumping through other areas of the market, though, and Treasury yields climbed after a report showed U.S. employers hired more workers last month than economists expected. They’re the latest swings in a wild week dominated by Tuesday’s election, where the winner of the White House is still unknown.

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