>> Another whipsaw day on Wall Street. Stocks tumbled to Thursday, with the Dow falling to more than 600 points mid-session, as higher borrowing costs once again sent a shiver through the markets. The Bank of England setting of the latest sell-off after warning interest rates may have to go up sooner rather than later.
It's the latest central bank to signal the period of easy money put in place after the financial crisis is indeed coming to a close. Interest rates on the key US Treasury ten-year note revisiting four-year highs as some traders bet inflation is heating up. Higher wages and higher borrowing costs could both eat into corporate profits down the line.
As the financial landscape shifts, investors have been spending the better part of a week trying to figure out the right value for stocks. The guessing game sparking a period of volatility not seen in two and a half years.