Yields Jump To 2008 Highs Shares Plunge Into Us Fed Betting
The S&P 500 fell 2.9 percent, closing its second-worst week this year and its ninth weekly drop in 10, as fears that inflation-fighting efforts risked stifling growth grew. Shares of the technology lifted most of the weight on Friday, with the Nasdaq 100 falling more than 3%. Shares of growth from Cathie Wood’s ETF flagship to software developers and chip makers fell. A separate report showed that the consumer climate in the US fell to a record high in early June, intensifying pressure on airlines, casinos and hotels....