The three major U.S. stock indexes closed Friday to post their second straight week of gains.
| FRI, MAR 25, 2022 | | | |
DOW | NAME | LAST | CHG | %CHG | AAPL | 174.72 | +0.65 | +0.37% | INTC | 51.83 | +0.21 | +0.41% | MSFT | 303.68 | -0.42 | -0.14% | |
| S&P 500 | NAME | LAST | CHG | %CHG | AMD | 119.67 | -0.86 | -0.71% | AAPL | 174.72 | +0.65 | +0.37% | F | 16.47 | -0.36 | -2.14% | | | NASDAQ | NAME | LAST | CHG | %CHG | AMD | 119.67 | -0.86 | -0.71% | AAPL | 174.72 | +0.65 | +0.37% | NVDA | 276.92 | -4.58 | -1.63% | | | | |
The three major U.S. stock indexes closed Friday to post their second consecutive week of gains. The two-week rally came even as investors weighed the war in Ukraine and the Federal Reserve's rate hiking cycle. A slew of Wall Street firms this week upped their forecasts for the size of rate hikes — including Citi on Friday calling for four half-percentage-point hikes starting in May. |
"The Fed is really going to shift its focus to very aggressive inflation fighting, so I think surprises are still to the upside for what the Fed is going to be doing," Yung-Yu Ma, BMO Wealth Management's chief investment strategist, said. The benchmark 10-year Treasury yield shot up to 2.5% at its highs Friday, the highest level since May 2019. The rising rates lifted bank stocks, which were among the outperformers Friday. | |
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