This was followed by dovish FOMC meeting minutes, which said that several members considered it appropriate to hold interest rates steady in March, while others noted that they would have considered a 50 bps increase in the absence of the recent developments in the banking sector.
US stocks: US market rebounds, but yield surge sets stage for weekly losses
Major Wall Street indexes opened higher on Friday after significant declines. The Dow Jones Industrial Average saw a slight increase at the opening. The S&P