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Dow ends week with biggest drop since March
The Dow Jones Industrial Average declined by 95.40 points, closing at 51,682.64 points. The week ended with volatility due to rising Treasury yields, a surge in oil prices, and the Federal Reserve's decision to raise interest rates for the first time in three years. Meanwhile, other stock indices showed mixed performances, with the S&P 500 increasing by 0.17% and the Nasdaq by 0.39%. Ten-year Treasury yields fell to approximately 5.006%, while oil prices remained above $100 per barrel, despite WTI crude futures decreasing by $1.58. Although markets recovered on Thursday, the Dow recorded a weekly loss of 1.7%, the worst performance since March, amid expectations that the cycle of interest rate hikes will continue, which could exert pressure on stock performance in the coming months.
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