• 

  Barrons.com

  S&P 500, Nasdaq Are Having Their Worst Augusts in Years

  The S&P 500 is off 5.2% in August, on pace to snap a five-month winning streak, according to Dow Jones Market Data. The Nasdaq Composite, off 8%, is also set to break its five-month streak, while the Dow Jones Industrial Average, down 3.3%, is at risk of snapping its two-month streak. For the S&P 500, those losses are looking like the worst August since 2015 when it fell 6.3%, according to Dow Jones Market Data.

• 

  Reuters

  Jumping yields, slumping stocks may boost case for a Fed pause

  Rising Treasury bond yields and home mortgage rates may reduce support at the U.S. Federal Reserve for additional interest rate increases, the prospect of which have already been ebbing on the basis of weaker inflation. The Fed raised interest rates at its July meeting by a quarter of a percentage point, to a range of between 5.25% and 5.5%, a widely anticipated move investors have construed as the central bank's last step in an aggressive 16-month rate hike campaign to slow inflation from 40-year highs. But bond yields since then have raced higher, with the interest rate on a 10-year U.S. Treasury security rising from around 3.86% the day of the Fed's July 26 rate decision to as high as 4.32% on Thursday.

• 

  The Wall Street Journal

  Bitcoin Price Falls, Then Stabilizes

  A selloff in bitcoin has ended weeks of relative calm for the world's largest cryptocurrency. + Bitcoin dipped below $26,000 late Thursday, before regaining some ground early on Friday. + It recently traded at about $26,194—a roughly 8% drop from where it traded at 5 p.

• 

  The Wall Street Journal

  Treasury Yields Hit New Highs

  Treasury yields continued to climb on Thursday after strong labor market data renewed investor concern about rate hikes. The 30-year Treasury yield hit a 12-year high, rising to 4.411%. The strength of the U.S. economy and strong inflation expectations have driven up yields.

• 

  Bloomberg

  US Stocks Pare Losses as Blue Chips Edge Higher: Markets Wrap

  (Bloomberg) -- Stocks pared back from losses that had put the S&P 500 on track for its biggest weekly drop since March, as fears of higher global interest rates sapped sentiment. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina’s Hidden Financial Dangers Erupt With Shadow Bank CrisisGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyUS Stocks Pare Losses as Blue Chips Edge