Here's What Higher for Longer Means for the Stock Market.

Some investors are concerned that future gains in the stock market may be more difficult to achieve due to weakening expectations of interest rate cuts by the Federal Reserve. Higher yields on government bonds make stocks less attractive and increase borrowing costs across the economy. Small-cap stocks, tech stocks, cyclical stocks, and banks are identified as areas of the stock market that may be vulnerable to higher rates. Oil-and-gas companies, on the other hand, have been performing well due to rising oil prices. [Extracted from the article]