These headwinds are hitting the Trump-fueled rally in US stocks

A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect's policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election surge fueled in part by optimism over the pro-growth policies that are a key part of Trump’s economic platform. Bets that some of Trump’s policies could spur a rebound in inflation and cloud the picture for further interest rate cuts helped push the benchmark U.S. 10-year yield to its highest level in more than five months on Friday, a potentially unwelcome development for stocks.