Stocks were under pressure for most of Friday’s session as investors worried the economy could fall into a recession.
The broad market index was under pressure after experiencing its worst one-day drop since 2020.
Major retailer Target warned of rising cost pressures in its business right after Walmart, triggering the sell-off.
Fed Chair Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.
Businesses have discussed moving factories out of China for years, especially since labor costs have climbed and U.S.-China trade tensions worsened.
Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology.
Investors could get a reprieve in the week ahead from the vicious selling cycle that has gripped the stock market since late March.
U.S. Treasury Secretary Janet Yellen has urged Congress to approve federal regulation of stablecoins.
The price of bitcoin plunged below $26,000 Thursday, hitting its lowest level in 16 months.
Energy prices and stocks have been rising as investors sell off equities in several industries, including technology.