Earnings season kicks off this week, the next test for a stock market rattled by the prospect of quicker interest-rate increases by the Federal Reserve.

The market fell Wednesday on news that the Fed might lift short-term interest rates as soon as March, and it extended its decline throughout the week. The S&P 500, which soared 27% in 2021, fell 1.9% in the first week of the new year. The tech-heavy Nasdaq Composite recorded its worst week since February. The yield on the 10-year U.S. Treasury note rose to 1.769%, its highest since January 2020.

Source: WSJ

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Beware This Change in the Rules for Retirement-Account RMDs

If you inherited an individual retirement account from someone who died after…

The Moneyist: My father died and his girlfriend stopped paying the mortgage. She wants her son to swoop in — and buy the house in foreclosure

Dear Quentin, My mother and father are both on the deed of…

More Schools Defying State Governments To Impose Mask Mandates — Here’s What Could Happen Next

Topline State-level bans that prohibit school districts from imposing their own mask…

Key Words: Michael Flynn draws condemnation for saying U.S. should only have one religion

Michael Flynn, the former national security adviser who received a sweeping pardon…