NEW YORK (AP) — Expectations thatthe Senatewillvotetoextendtax cuts helped fuel early gains in the stock marketMonday. Treasury bondyieldsrose to their highestlevels since June.
By 11 am, these Polly-Anna expectations had already been falsified, as a new Commerce Department report confirmed a sharp drop in June 2011 US factory orders, and stock market indices and bond yields plunged again.