Verdence Capital Advisors director Megan Horneman weighs in on international market strength.
U.S. equity markets were under steep pressure Friday with the Dow Jones Industrial Average on track for a fifth day of losses.
Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 33407.74 -415.71 -1.23%SP500 S&P 500 4183.59 -38.27 -0.91%I:COMP NASDAQ COMPOSITE INDEX 14063.304701 -98.05 -0.69%
The Dow fell around 400 points, or 1.1% while the S&P 500 and the Nasdaq Composite declined 0.9% and 0.8%, respectively.
The selling comes after St. Louis Fed President James Bullard told CNBC a rate hike could come in 2022, ahead of the Fed’s 2023 target disclosed Wednesday. The yield on the 10-year note slipped to 1.45% and was contending with its lowest levels since early March.
Ticker Security Last Change Change % TSLA TESLA, INC. 620.85 +4.25 +0.69%SQ SQUARE INC COM 237.56 +1.50 +0.64%
Growth stocks including Tesla Inc. and…