The benchmark rate has closed above the 3 percent nine times this year. Usually, the S&P 500 has taken a leg lower after the 10-year breaks the level.
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S&P 500 notches 4-day losing streak in volatile session as rates hit multiyear highsStocks wavered all day long, and finished mostly lower. The Nasdaq was the only major index to finish in the green.
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U.S. markets drop sharply as investors are spooked by rising ratesThe tech sector was hit hardest, with Amazon, Apple, Facebook and Netflix all in the red.
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Dow jumps more than 500 points as investors hear dovish tone from Fed’s PowellU.S. stocks vault higher Wednesday afternoon, with the Dow Jones Industrial Average surging more than 500 points as Federal Reserve Chairman Jerome Powell struck a more dovish tone on interest rates.
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Seemingly dovish, Powell says interest rates are ‘just below’ level where they won’t stimulate economyFederal Reserve Chairman Jerome Powell uses a softer tone to describe where interest-rate policy presently is, in what could be construed as implying fewer interest rate hikes to come.
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US mortgage rates jump to highest level in nearly 8 yearsU.S. mortgage rates jumped this week to the highest level in almost eight years, a trend that is pulling down home sales and slowing home price growth. Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year, fixed rate mortgage rose to 4.94 percent, from 4.83 percent...
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Fed's Bullard: Updated Taylor rule suggests current level of interest rates 'is about right'
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