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Dow, S&P rocked on volatility, rate hike fears

Mount Equity Group Tokyo, Japan > News > Business > Dow, S&P rocked on volatility, rate hike fears

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…

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