Business
Market Rout Leaves Wall Street Bracing for Rockier Times
Stocks. Bonds. Gold. Bitcoin. Investors enter the new week battered by a market selloff that left few places to hide.
The rout followed Friday’s stronger-than-expected jobs report, which sheared 4.2% off the Nasdaq composite, sent investors racing to increase bets that the Federal Reserve will raise interest rates by year-end and sparked a bond slide that lifted yields on some Treasurys to their highest levels since early 2025. That pressured shares of multinationals and smaller, domestic companies alike. Gold fell near its lowest levels of the year.
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