The S&P 500 fell as Treasury yields rose, putting the index on course for a losing week, while the Dow slid Friday and posted its worst week since March.
Key facts
- The S&P 500 fell as Treasury yields rose, heading for a losing week.
- The Dow declined Friday and notched a third straight losing week.
- CNBC reported the Dow posted its worst week since March.
- The moves followed the Federal Reserve's first interest rate hike in three years on Wednesday.
- Major averages had risen in Thursday's regular trading session.
U.S. stocks fell as Treasury yields moved higher, leaving the major averages pointed toward weekly losses, according to CNBC. The S&P 500 declined during the stretch, with rising yields weighing on the broader market.
The Dow Jones Industrial Average slid on Friday and notched a third straight losing week, CNBC reported. The outlet described it as the Dow’s worst week since March.
The declines came in the aftermath of a notable shift in monetary policy. On Wednesday, the Federal Reserve delivered its first interest rate hike in three years, according to CNBC.
In the immediate reaction, the major averages actually rose in Thursday’s regular trading session, CNBC reported, following the Fed’s decision the day before.
The tone shifted as Treasury yields climbed. Higher yields can pressure equities, and CNBC linked the rise in yields to the weakness in stocks heading into the end of the week.
Taken together, the sources point to a week marked by volatility around the Fed’s move, with an initial bounce giving way to losses as yields advanced.
CNBC’s live updates tracked the moves across the S&P 500 and the Dow as the market digested the central bank’s first rate increase in three years.
Why it matters
Rising Treasury yields and the Federal Reserve's first rate hike in three years signal a changing environment for borrowing costs and investments. Weekly losses in major indexes like the S&P 500 and Dow affect retirement accounts and broader market sentiment for everyday investors.
Frequently asked questions
Why did the S&P 500 fall?
According to CNBC, the S&P 500 fell as Treasury yields rose, putting the index on course for a losing week.
How bad was the Dow's week?
CNBC reported the Dow slid Friday, notched a third straight losing week, and posted its worst week since March.
What did the Federal Reserve do?
CNBC reported the Fed delivered its first interest rate hike in three years on Wednesday.