Stocks and Cryptocurrencies Tumble Amidst Mounting Interest Rate Fears

US stocks recovered from early losses but ended the week with sharp drops as concerns over higher interest rates and economic uncertainties weighed on investor sentiment. The S&P 500 and Nasdaq each saw losses of around 2% for the week. Bitcoin and other cryptocurrencies also experienced a significant decline, with Bitcoin falling below $26,000. Retail earnings showed mixed signals, with Walmart reporting strong sales gains while Target slashed its profit outlook. Homebuyers face challenges as mortgage rates rise and home prices remain high.