US Stocks Slide as Rate-Hike Bets Surge, Dow and Nasdaq Fall

US equities booked weekly losses as the Dow, S&P 500, and Nasdaq all finished Friday's session in the red, pressured by a sharp repricing of rate-hike expectations. Bond markets moved quickly to reflect the shift, and equity traders followed, rotating out of rate-sensitive growth names.

The renewed hawkish tone caught many desks off guard after weeks of relative calm in rate expectations. Higher-for-longer policy bets tend to weigh hardest on long-duration assets, and Friday's session showed that dynamic playing out across tech-heavy segments of the market.

With rate expectations now a dominant driver, upcoming inflation prints and Fed commentary will likely dictate whether this pullback extends into next week or proves to be a short-lived repricing event.