Markets are off to a rough start in 2022.
The S&P 500 ended the week with a loss of about 1.9%, while the Dow Jones Industrial Average has lost 0.3%. The Nasdaq fell about 4.5%, its worst week since at least February 2021. And the turbulence hasn’t been limited to the stock market: The yield on the 10-year Treasury note jumped for five consecutive sessions to its highest level since January 2020, before the pandemic started spreading through the U.S.