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January 12, 2022
Stocks shook off an early slide and closed higher Tuesday as Wall Street welcomed more modest moves in the bond market after a recent surge in Treasury yields weighed on the market.
The S&P 500 rose 0.9% after having been down 0.7% in the early going. The selling eased by afternoon, with technology stocks reversing course and turning higher. The benchmark index was coming off five straight losses and hadn't had a winning day since the first trading day of the year, when it set an all-time high.
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