About 95% of the companies in the S&P 500 retreated on Thursday, with the benchmark halting a three-day advance. The technology-heavy Nasdaq 100 underperformed major equity gauges, tumbling more than 4%. The dollar also made an about-face, climbing alongside Treasury 10-year yields — which topped 3%.in the U.S. resumed their upward climb, reaching the highest level since August 2009. The average for a 30-year loan jumped to 5.27% from 5.
By pushing back on a jumbo-hike of 75 basis points in June, Fed Chair Jerome Powell beat back the market’s most-aggressive predictions for the path of interest rates on Wednesday. However, he may also have inadvertently
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