Stocks

wall street: Dow sheds over 200 points on rate hike concerns

Stocks fell in early trading as sentiment turned cautious after Federal Reserve officials reiterated their resolve to continue hiking rates. Treasury yields climbed while the dollar headed for its biggest weekly rally since June 2021.

The S&P fell 0.62%, while the Dow Jones Industrial Average dipped 207 points, or 0.61%. Nasdaq 100 futures slid 0.95%. The S&P 500 Index fell, with the equity benchmark on course to snap the longest streak of weekly gains since November in what could be a volatile session as $2 trillion in options expire.

Treasury yields climbed while the dollar headed for its biggest weekly rally since June 2021.

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