Another failed rebound attempt on Wall Street gave way to a fifth straight daily decline in the major indexes as investors watch higher bond yields and await the bulk of big company earnings reports. The S&P 500 slipped 1/4 of a percent on Thursday, losing 1/2 percent intraday rally, with the pullback from the all time high reaching nearly 5% over the past three weeks. Treasury yields were up modestly as a few more Federal Reserve officials professed patients in awaiting further declines in inflation to make way for a potential interest rate cut later this year. Netflix earnings were strong after the close of trading, though the stock initially traded lower after a very, very strong run in that name, a sign that investors have perhaps grown a bit harder to please. With the market still up almost 25% from its October low and a strong economy complicating expectations of a turn toward easier monetary policy with your CNBC Markets Now update on Mike Santoli.
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