Stocks Drop as Treasury Yields Stay High After Hawkish Fed Comments; Bitcoin Rises

Wall Street indexes dropped on Friday as Treasury yields stayed high following hawkish Fed remarks.

Atlanta and Philadelphia Fed presidents said inflation remains high but there are signs of economic slowdown.

Mid-sized U.S. banks fell after earnings heightened concerns that Fed rate hikes are tapering off.

SolarEdge shares sank 31% after warning of significantly lower Q4 revenue.

Bitcoin and blockchain stocks rose, tracking higher cryptocurrency prices.