The two-year Treasury yield returned to 5%, propelled by signs of economic resilience and statements from the Fed.

On Thursday, Wall Street extended its streak of losses as new economic data and comments from the Federal Reserve raised borrowing costs in the United States. Investors also heightened their anticipation for the imminent start of earnings releases in the technology sector.

The tech-heavy Nasdaq Composite fell by 0.52%, the S&P 500 dropped by 0.22%, and the Dow Jones remained unchanged at the close of the New York Stock Exchange. The S&P experienced its fifth consecutive day of declines, marking its longest losing streak since October 23, 2023.

Meanwhile, in Chile, the S&P IPSA closed flat at 6,451.21 points (preliminary). The performance of Latam’s stock (up by 1.54%) exerted upward pressure with a solid trading volume of $26 billion, while SQM-B (-1.88%) moved in the opposite direction with a trading flow of nearly $18 billion.

“We are clearly seeing increased downward pressure, primarily due to changes in interest rate outlooks. The weakness in stocks aligns with comments from Bostic of the Atlanta Fed, similar to what President Jerome Powell and Mester (of the Cleveland Fed) have said, indicating that there is no rush to lower the rate,” noted an analyst.

The two-year Treasury yield surged to levels of 5%, the highest since November. Macroeconomic concerns persist, and bond yields are rising again, this time driven by stronger-than-expected unemployment claims and a Philadelphia Fed index.

Additionally, earnings reports from the U.S. technology sector are approaching, with Netflix (-0.41%) kicking off by releasing its quarterly figures this Thursday at the market close.