Benchmark Yield Hits 5%. How Will Stocks Respond To A Fed Rate Hike?

The 10-year Treasury yield touched 5% Monday for the first time since October 2023, as investors grow more convinced that the Federal Reserve will hike the benchmark rate this week. Those expectations are one reason stocks have weakened over the past month. Will the stock market continue to fall if the Fed raises interest rates?

History shows stocks typically fall…