U.S. stocks dipped once again today as Federal Reserve remained resolute in its hawkish stance to battle inflation. Treasuries pared losses with 10-year yield rising three basis points to 3.76%.
The S&P 500 fell 2.2%; the tech-heavy Nasdaq joined with downturn with 3.1% decline. Meanwhile, oil rose 0.2%, amid OPEC+ discussions over slashing output at its meeting next week. Gold changed little, whereas Bitcoin held on to the $19,000-level.