Dow posts biggest weekly decline since March
The Dow Jones Industrial Average declined by 95.40 points, or 0.18%, closing at 51,682.64 points. The week was characterized by volatility due to rising Treasury bond yields and climbing oil prices, amid the Federal Reserve's decision to hike interest rates for the first time in three years. Meanwhile, the S&P 500 experienced a modest gain of 0.17%, ending the week at 7,650.50 points, and the Nasdaq rose by 0.39% to reach 26,522.55 points. The 10-year Treasury bond yields increased to 5.006%, the highest level since July 2007, putting pressure on the stock market. Oil prices remained above the $100 per barrel mark despite a weekly decline. The Dow recorded its worst performance since March, dropping by 1.7%, while the Nasdaq closed higher for the first time in the week with a 0.7% increase. Experts expect the cycle of interest rate hikes to resume in 2026 or 2027, with continued pressure on Treasury yields and rising oil prices over the coming months, even as investors focus on technology company profits amid economic tensions.
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