Stocks Slip, But Crypto Bucks Trend as Markets Endure Fed Rate Hike Anxiety

The stock market has taken a hit today, with all three major indexes trading lower. The S&P 500 is down 0.19% to 7,623, while the Nasdaq Composite and Dow Jones Industrial Average have slipped by smaller margins.

Gold prices are up 0.33%, trading at $4,354.92, but Treasury yields continue to rise, reaching 5.00%. Utilities were the only sector showing growth today, while industrials and basic materials took a hit.

Nvidia's weekly performance was muted due to ongoing concerns about artificial intelligence safety. However, crypto stocks have gained ground, with Coinbase Global up over 10% after investors looked past legislative setbacks.