The Federal Reserve's forthcoming interest rate decision will give some much needed guidance to an apprehensive market. And for certain stocks especially vulnerable to the level of rates, it could determine how well the rest of the year goes. Stocks ended April lower across the board, with all three major indexes posting losses for the month as rates perked back up and hit the market. The 10-year Treasury yield at one point in April neared 4.75% after starting the year below 4%.
mountain Tesla stock. Carnival also made the cut. The cruise operator stock has pulled back nearly 23% in 2024. Higher interest rates could spell more pressure for Carnival stock as cruises are highly discretionary. Higher credit card rates could make consumers less likely to splurge on vacations. CCL YTD mountain Carnival stock. Super Micro Computer stock has the highest positive correlation to nominal moves in the 10-Treasury. Shares of the server maker have climbed a staggering 148% in 2024.