Stocks struggle to recover as rough week comes to a close

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.