Markets Slide as Bond Yields Rise

After 4 straight weeks of gains, the markets have slipped.  As of Friday, the S&P 500 lost 3.85%, the Dow dropped 4.12%, and the NASDAQ decreased by 3.53%.  International stocks in the MSCI EAFE also took a 2.78% hit.  Domestically, the losses spanned sectors and asset classes.  For the S&P 500, all 11 of the index’s  industries lost ground last week.  This decline came after the S&P 500 had its best January performance in over 20 years.

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