Stocks Plunge Amidst Global Crises, Ignoring Treasury Trading Risks

U.S. stocks ended the week in the red as a "perfect storm" of surging global bond yields, a slumping Chinese economy, and the possibility of higher interest rates in the U.S. battered markets. Bitcoin experienced a dramatic fall after reports that Elon Musk's SpaceX sold its bitcoin holdings. Users of X (formerly Twitter) might lose the ability to block other users, sparking criticism. Major indexes had a bad week, with the S&P 500 and Nasdaq Composite experiencing their third consecutive losing week. However, investment firm GMO believes the U.S. stock market will still have a sustained rise in the long run, with an average return of 6.5% through 2030.