Wall Street’s quiet corner is making noise again. While the bond market is typically seen as slower moving, it can pack a heavy punch when it’s alarmed. And right now, it’s getting worried about how much more Washington is preparing to pile onto its spiraling mountain of debt because of its desire to cut taxes.

House Speaker Mike Johnson said he plans to move ahead with a vote on Trump's tax legislation as soon as tonight despite Republican lawmakers in the House Fr

"Major financial events often happen first in Japan, for example the late-1990s tech bubble bursting first in Japan," Albert Edwards wrote Thursday.

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Bond yields inched higher and Wall Street flipped from small gains to losses before the opening bell Thursday after rising U.S. debt sank markets on the previous day. Futures for the Dow Jones Industrial Average fell 0.5% in premarket trading, while futures for the S&P 500 and Nasdaq each slid 0.3%.

Wall Street experts share what they think will drive stock market gains for the second half of the year.

Wall Street analysts have downwardly revised their earnings estimates since President Trump took office because tariffs are expected to be a headwind to economic growth. The consensus estimate in January said S&P 500 companies would report 14% earnings growth in 2025, but analysts now expect 8.5% earnings growth, according to LSEG.

Wall Street's rally came to a halt on Tuesday, as market participants looked for fresh catalysts. Read more here.