Nasdaq leads down week for stocks as bond yields rise

  • Nasdaq leads down week for stocks as bond yields rise

    U.S. stocks capped off the start of 2022 with weekly losses led by the Nasdaq Composite's 4.5% drop, while the S&P 500 dipped 1.8% and the Dow Jones Industrial Average 0.3%. The 10-Year Treasury yield hit 1.8% on Friday, a two-year high pressuring stocks. Elsewhere, oil flirted with $80 per barrel and Bitcoin fell to the $41K level.

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