Stocks End Jittery Week Lower as Fed Hawks Circle: Markets Wrap
- Central banks warned of more pain after hiking rates this week
- Treasuries were mixed on Friday; Oil notched a weekly gain
This article is for subscribers only.
US stocks suffered their longest weekly losing streak since September, with investors concerned that the Federal Reserve’s resolve to keep raising rates could tip the economy into a recession.
The S&P 500 and the tech-heavy Nasdaq 100 closed the session lower for a third day. The quarterly triple witching expiration of equity derivatives also amplified market moves on Friday.