Major U.S. stock indexes ended sharply lower Friday, with technology and financial shares among the biggest drags, as investors worried about more interest rate hikes and the Israel-Hamas conflict spreading.
The KBW regional banking index was down sharply, while shares of Regions Financial slid to their lowest since March 2020.
The benchmark 10-year Treasury yield fell on Friday, a day after crossing 5% for the first time since July 2007 in the wake of comments by Federal Reserve Chair Jerome Powell. He said the U.S. economy's strength and tight labor markets could require tougher borrowing conditions to control inflation.
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