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U.S. stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike

·6 min read
U.S. stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike

U.S. stocks close sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020, as all three major benchmarks suffered another week of losses as bond yields rose in the wake of the Federal Reserve's interest rate hike on Wednesday.