Market Extra: The stock market booked its worst day of 2023 because investors aren’t sure where rates will peak

by | Feb 21, 2023 | Stock Market

Rising Treasury yields appeared Tuesday to finally catch up with a previously resilient stock market, leaving the Dow Jones Industrial Average and other major indexes with their worst day so far of 2023. “Yields are popping across the curve…This time it seems, market rates are playing catch up with fed funds,” said veteran technical analyst Mark Arbeter, president of Arbeter Investments, in a note. Typical …

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