MARKETS: YEAR-TO-DATE - Apr 11, 2022

 

MARKETS: YEAR-TO-DATE

Nasdaq 13,711.00 -12.36%

S&P 4,488.28 -5.83%

Dow 34,721.12 -4.45%

10-Year 2.717% +120.3 bps

Bitcoin $42,167.62 -8.94%

Ethereum $3,204.66 -12.98%

*Stock data as of market close, cryptocurrency data as of 11:00pm ET. Here's what these numbers mean.

Markets: The S&P has bounced 7.6% from its 2022 low about a month ago, but that recovery hit a speed bump last week when several Fed officials went Chicken Little over inflation. Keep your eye on the 10-year yield, which has been on a tear since early March. That surge reflects the Fed’s plan to aggressively unwind its balance sheet, and indicates that borrowing costs will rise across the economy.