bond

US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks closed sharply lower on Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose to the following the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow Jones fell 4% while …

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US stocks and bond prices rise as traders assess rate outlook

US stocks and bond prices rise as traders assess rate outlook

U.S. stocks ended their recent losing streak on Wednesday as government bond prices rose despite fresh warnings of sharp interest rate hikes. The tech-heavy Nasdaq Composite index jumped 2.1 cents for its first daily gain of the month, and the broader S&P 500 index rose 1.8%. In bond markets, the yield on the benchmark 10-year …

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