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Core Concern for Stock Bulls Is If Yields Zap Earnings Miracle

Sarah Ponczek
Core Concern for Stock Bulls Is If Yields Zap Earnings Miracle

Could rising rates on Treasury bonds reduce or even eliminate the benefits of some of the fattest corporate profits ever reported? U.S. earnings were a record in the first quarter -- $300 billion in the S&P 500, something that by itself made equities a lot less expensive. U.S. futures slipped Thursday as 10-year Treasury yields climbed to 3.10 percent.