S&P Global stock drops today as yields rise; what investors are watching next for SPGI
S&P Global shares fell 1.7% to $513.81 Friday afternoon, underperforming the broader financial sector as Treasury yields climbed. Peers including Moody’s and MSCI also declined. The 10-year yield rose to 4.195%. Investors are focused on next week’s U.S. jobs and inflation data and S&P Global’s expected February earnings report.