S&P500 Falls Ahead of Key Economic Data Amid Higher Yields

The S&P500 index has declined ahead of key US economic data, with higher Treasury yields and a stronger US dollar putting pressure on growth stocks and broader equity valuations.

As investors await the upcoming PCE inflation report, ISM manufacturing data, and non-farm payrolls report, the market is expected to be influenced by expectations for future Federal Reserve policy.

The S&P500 remains near record levels but has shown weakened short-term momentum after failing to extend recent gains.