Wall Street extended its losses on Friday, with the S&P 500 falling 1.2%, marking its third consecutive weekly decline. The Dow Jones dropped 350 points, while the Nasdaq slid 1.8% as investors grappled with rising bond yields and mixed economic signals.
The 10-year Treasury yield climbed to 4.3%, pressuring growth stocks, particularly in tech and consumer discretionary sectors. “The market is reassessing Fed policy expectations, and volatility is likely to persist,” noted economist Sarah Lee.
Retail investors pulled $12 billion from equity funds this week, the largest outflow since January, signaling growing caution. Some analysts see this as a healthy pullback, while others warn of further downside if inflation remains sticky.
Key Takeaways:
- Stocks extend losses amid rising Treasury yields.
- Tech sector underperforms as risk appetite wanes.
- Investor sentiment weakens, with significant fund outflows.
