Want to Know What Higher Rates Mean? Look to Another Good Friday Let's go back to 1994 and see what played out as rates went up. Stocks quotes in this article: JPM There has been so much discussion since the mid-February high about how much growth stocks, and tech stocks, don't like higher interest rates. There is also a lot of chatter about how banks like higher rates. I think about this often, because in my early years in the market, it was banks that liked lower rates. And I honestly can't recall folks ever having a narrative about whether growth stocks liked lower or higher interest rates.