Friday, February 24, 2023

Stocks slide ending worst week of 2023

  • Stocks slide ending worst week of 2023

    All three of the major U.S. averages fell on Friday, with Dow Jones Industrial Average at one point shedding over 500 points, before curbing losses. Still, equities capped off the worst week of the year after another report showed that inflation remains stubbornly high. Bond yields continued to climb, rising for the fifth straight week, with the yield on the 10-year Treasury hitting 3.948%. In commodities, oil lost 0.3% or $76.32 per barrel this week.

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