Telecom Tower REITs Shine Amid the Broader Market Rout
U.S. Stock Market Close | The U.S. stock market faced its largest weekly decline in five years, with the Nasdaq entering a technical bear market; large Technology stocks continued to fall, with Tesla dropping more than 10%.
The S&P 500 fell nearly 6%, marking the largest decline in five years, while the Nasdaq dropped 10% over the week. The yield on two-year U.S. Treasuries plunged more than 20 basis points during the session, but was briefly erased after Powell's speech. After Powell's remarks, USD increased by more than 1%. Following Trump's signing of the TikTok waiver, Bitcoin rebounded nearly $3,000 at one point. Crude Oil Product hit a three-year low, with U.S. oil plummeting nearly 10% at one time. During the session, spot Gold fell more than 3%, while Silver futures dropped nearly 9%, and Copper fell over 9%.
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