Major U.S. stock indexes are on pace for weekly declines, with the S&P 500 heading for a third straight week of losses, according to FactSet data. For the week, the Dow Jones Industrial Average was down 0.
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question on Friday: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough? “If anything,
Small- and mid-cap stocks rose on Friday, outperforming their large-cap peers as Treasury yields declined. The small-cap Russell 2000 was up 7.4 points, or 0.4%, at 1,950.37. It was trading higher despite a 12.
Investors pulled $140.14 billion out of money-market funds in the past week, the most since at least May 2019, according to BofA Global. Assets in money-market funds swelled in the wake of last year's regional banking crisis,