
Stocks declined after Federal Reserve Chairman Kevin Warsh hinted at potential interest rate hikes later this year if inflation rises. Major indices like Nasdaq and S&P 500 dropped over 1%, while bond yields rose, reflecting concerns about higher rates. Gold prices fell sharply following the Fed's warning, while oil prices saw slight gains amid peace talks with Iran. Cryptocurrency markets also dipped as investors reacted cautiously to the Fed's stance. Analysts made several stock rating changes, reflecting mixed market sentiment.