|
Blizzard 2026: Latest snow totals in Philadelphia, Pa., NJ, and Delaware 6abc PhiladelphiaLive updates: Heavy snow, strong wind hit region amid Nor'easter NBC10 PhiladelphiaBlizzard 2026: Another winter storm covers Philadelphia in snow 6abc Philadelphia
|
|
Level 3 Driving Ban for Kent and Sussex Counties, Level 2 Driving Restrictions for New Castle County Starting at 10 pm State of Delaware News (.gov)State of Emergency Declaration National Guard Activated for Winter Storm Response State of Delaware News (.gov)How much snow has fallen in Delaware during Blizzard 2026? See totals The News JournalDriving restrictions now in effect WDEL
|
RELATED ARTICLES | | |
|
Bruce Thornton's 32-Point Effort Not Enough for Shorthanded Buckeyes in 66-60 Loss to No. 15 Michigan State Eleven WarriorsMichigan State survives but another sluggish start leaves Tom Izzo ‘really disappointed' The Detroit NewsMichigan State 66-60 Ohio State (Feb 22, 2026) Game Recap ESPNCouch: 3 quick takes on Michigan State basketball's 66-60 win over Ohio State Lansing State Journal
|
|
Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
SEE MORE 10 Best Marijuana Stocks to Buy Now
"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
As for stocks, the tech-heavy Nasdaq Composite
|
|
