Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
U.S. stocks closed a volatile week mixed as investors navigated a hawkish Federal Reserve, surging Treasury yields and sharply divergent earnings from the biggest technology companies. The S&P 500 and Nasdaq Composite ended the week under pressure after the Fed left interest rates unchanged but offered little clarity on the timing of future policy moves, while the Dow Jones Industrial Average lagged amid a broad bond selloff that pushed long-term Treasury yields to their highest levels since 2007. Despite the volatility, stronger-than-expected economic data reinforced confidence in the underlying economy even as markets adjusted to a higher-for-longer rate outlook.
