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This Week's Wall Street Cheat Sheet

Market Mayhem: Stocks Tumble as Fed Stays Hawkish (Weekly Cheat Sheet)

The stock market experienced a volatile start to the second quarter, with the major indices settling with decent losses. The Dow Jones Industrial Average dropped 2.3%, the Russell 2000 fell 2.9%, the S&P 500 declined 1.0%, and the Nasdaq Composite slipped 0.8%. This downside bias was fueled by a sharp increase in market rates amid solid economic data and sticky inflation figures. The 10-year Treasury note yield jumped 12 basis points to 4.33%, while the 2-year note yield rose 10 basis points to 4.72%. The February Personal Spending and Income report, released last Friday, showed some persistent inflation pressures in the form of the PCE Price Indexes. Other ...
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