Bessent's Bid Unwinds: Walmart Sinks 9% as the 10-Year Reclaims 4.70%
U.S. stocks are lower at midday as Walmart's 9% slide after a beat-and-raise and a rebound in Treasury yields unwind Wednesday's duration bid. The Dow is off about 470 points, the 10-year is back near 4.70%, and WTI is up about 2% while bitcoin holds above $72,000. Claims and a 47.4 Philly Fed print