Skip to content

Hawkish Fed Sparks Tech Rout, Treasury Selloff: Markets Wrap

  • Chance of earlier, faster rate hikes flagged by central bank
  • S&P 500 declines, led by real estate and technology shares
Video player cover image
WATCH: Equity returns flat for the U.S. in 2022, says Sean Darby, chief global equity strategist at Jefferies.Source: Bloomberg
Updated on

U.S. equities deepened losses after minutes from the Federal Reserve flagged the chance of earlier and faster interest rate hikes.

The S&P 500 fell 1.9%, led by losses in real estate, while the Nasdaq 100 shed 3.1% as traders increased conviction the U.S. central bank will increase rates at least three times this year. The 10-year Treasury yield climbed to 1.71% the highest since April. The dollar was little changed.