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Wall Street falls on weekly decline
Reports indicate that Wall Street indices declined as they headed towards recording a weekly loss, despite the market's recovery following the Federal Reserve's decision to raise interest rates for the first time in three years. The S&P 500 fell approximately 0.2%, and the Dow Jones dropped about 0.5%, with U.S. Treasury bond yields surpassing 5% for the first time since July 2007. Meanwhile, oil prices rose near $103 per barrel, amid continued mixed weekly performance of various indices, which are declining at differing rates—while the Dow has dropped around 2% for the third consecutive week, the Nasdaq remains in positive territory. Analysts suggest that the market is absorbing the interest rate hike while focusing on corporate earnings growth and supporting artificial intelligence, as investors await statements from Federal Reserve officials to better understand future monetary policy directions.
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