Ten-year Treasury yields were hovering just shy of their highest since last May, and the 30-year yield was close to its highest since November 2023, as investors continued to show concern that President-elect Trump’s import tariff and immigration plans may revive inflationary pressures.

Data going back to 1950 show that the first five trading days of the year on the S&P 500 can sometimes be indicative of the index's performance for the full year, according to Dow Jones Market Data. As of Tuesday morning,