Caitlin McCabe

2 weeks ago | wsj.com | Chelsey Dulaney |Caitlin McCabe

A look at what’s driving the rise in U.S. government bond yields and what it could meanThe yield on the 10-year Treasury note has risen to a recent 4.47% from 4.20% over four days, marking its sharpest increase since the depths of the 2008 financial crisis. The decline in bond prices (the counterpart of a rise in yields) has alarmed many analysts and investors much more than the recent drop in stocks. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.

2 weeks ago | wsj.com | Caitlin McCabe

Wall Street’s fear gauge is heading skyward. The Cboe Volatility Index, or VIX, recently stood nearly 18% higher at about 53. It had jumped above 60 in earlier trading Monday. There have been only two periods in the last two decades when the gauge has ended the day above 50: late 2008 and early 2009, during the trough of the global financial crisis; and early 2020, during the coronavirus-induced market selloff. or Subscribe to get unlimited access to articles.

2 weeks ago | wsj.com | Caitlin McCabe

Last week’s plunge in oil prices rippled through Middle Eastern markets Sunday, sending benchmark indexes in the region sinking and shaving off more than $88 billion from the world’s biggest oil producer Saudi Aramco. Most stock exchanges in the region operate Sunday to Thursday, meaning some of the moves are the result of investors playing catch-up on Friday’s market mayhem. Still, the selloff underscores how anxieties about the risks of a recession and a global trade war are from over.

2 weeks ago | wsj.com | Caitlin McCabe

How often do we see selloffs like this? Hardly ever. President Trump's tariff blitz sent the S&P 500 careening 10.5% lower over Thursday and Friday. Only three other times since World War II has the index or its precursor suffered a two-day drawdown of 10% or more, Deutsche Bank strategists led by Parag Thatte said in a note. Those selloffs came in: March 2020, during the Covid-19 panic; November 2008, during the global financial crisis; and October 1987, with the Black Monday crash.

2 weeks ago | wsj.com | Caitlin McCabe

This week’s market plunge offered stock investors few places to hide. But there were some exceptions. Fifteen stocks in the S&P 500 finished higher after Thursday and Friday’s two-day market swoon. That compares to a 10.5% selloff in the S&P 500 itself, and drops of 20% or more for stocks like Best Buy, Diamondback Energy and Micron Technology. This chart shows the handful of stocks that gained 1% or more over the past two sessions. Another 7 eked out rises of less than 1%.