Nasdaq leads retreat; Bank of England opts to hold rates at 5.25%Stocks fell and Treasury yields rose Thursday, pointing to a second day of weak market action triggered by the Federal Reserve., but officials indicated that they expect to keep them elevated for longer than previously anticipated. All 11 sectors of the S&P 500 were recently in the red.
“In this environment, with higher rates for longer, it’s more difficult to achieve a soft landing. You would expect more declines in growth,” said Karim Chedid, an investment strategist at BlackRock.cybersecurity firm Splunk for $157 per share in cash, or $28 billion.All three major indexes fell; the Nasdaq Composite was down more than 1%, while the Dow industrials dropped more than 150 points.The benchmark 10-year Treasury yield climbed, after closing Wednesday at 4.346%.
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