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Wall Street ended the week with broad losses amid a wave of negative headlines, from soaring oil prices and bond yields to trade tensions, elevated inflation, and an interest rate hike by the European Central Bank (ECB), all of which weighed on investor sentiment. Traders are now betting on a Federal Reserve interest rate hike next week.
Interest-rate-sensitive stocks, such as small caps, were hit the hardest. Semiconductor shares were the bright spot in bargain hunting after the profit-taking of the previous weeks.
Stocks rallied Friday as oil prices retreated and bond yields stabilized, but the gains weren’t enough to erase the week’s losses. …
Interest-rate-sensitive stocks, such as small caps, were hit the hardest. Semiconductor shares were the bright spot in bargain hunting after the profit-taking of the previous weeks.
Stocks rallied Friday as oil prices retreated and bond yields stabilized, but the gains weren’t enough to erase the week’s losses. …
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