A volatile week that battered Wall Street with relentless headlines ended with a whimper.
AI leaders called for a slowdown, the 10-year Treasury yield hit 5% and the Federal Reserve raised interest rates for the first time in three years. But while a tech rally helped stocks stage a brief comeback on Thursday, the major U.S. indexes showed little movement in either direction on Friday as investors continue to weigh the implications of higher borrowing costs.
The yield on the 10-year Treasury note, which hit a 19-year high earlier in the week, continued to hover around 5%, ticking up to 4.995%. The 2-year Treasury yield rose to 4.741%, the highest close since July 2024.
Read the full article
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments