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Market Recap: Friday, February 26

Wall Street stocks ended mixed on Friday, with battered technology shares recovering some declines amid encouraging data, though fears of rising interest rates caused investors to take fright. The Nasdaq traded 0.6% higher, paring losses at the end of the week. However, the index still posted a weekly loss of 4.9% for its worst since October as tech stocks unwound some of their steep 2020 gains this week, as benchmark Treasury yields spiked to their highest levels since January 2020. The rise in rates are tied to a range of corporate and consumer borrowing costs, and may undermine the recovery if they jump too quickly. DWS Group Head of Fixed Income, Americas, Greg Staples, and Global Market Strategist at J.P. Morgan Asset Management, Gabriela Santos joined Yahoo Finance Live to discuss.
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