U.S. stocks dropped, with the Nasdaq losing over 1%, as investors grew cautious after Iran fired missiles at Israel. Energy and defense stocks rose, while airlines fell. The Dow, S&P 500, and Nasdaq all declined. Market volatility increased and traders speculated on future Federal Reserve rate actions. Investors were also wary of upcoming job data and ongoing port strikes.
Retail trading in high-yield corporate bonds gains momentum
Online platforms now offer retail investors access to corporate bonds. These securities provide mid-teen yields with low minimum investments. Retail investors are increasingly participating in