S&P 500 suffers its longest slide since January

The S&P 500 experienced a decline, reaching approximately 5,020 points. Meanwhile, the Nasdaq 100 saw a decrease of more than 1%. This occurred just one day after Jerome Powell's comments dampened expectations of interest rate cuts. However, investors seeking bargains emerged in the Treasury market, causing two-year yields to fall further below 5%. Additionally, an auction of 20-year bonds, totaling $13 billion, attracted considerable interest.