Business Maverick: Stocks Drift Sideways After Weak Economic Reports: Markets Wrap

The S&P 500 swung between gains and losses. The dollar halted a four-day rally, while Treasury 10-year yields dropped below 3%.

contracted for a second straight month, reflecting softer demand at both manufacturers and service providers.event after recent comments from Fed officials convinced many investors the central bank will continue to tighten aggressively, even into a slowing economy.

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US stocks end sharply lower on fears of aggressive Fed rate hikeThe Fed’s gathering later this week in Jackson Hole is expected to reinforce a strong commitment to stamp out inflation
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Business Maverick: Asian stock gauge drops amid rise in yields, crude: markets wrapStocks retreated in Asia on Tuesday amid worries about Federal Reserve monetary tightening that have also boosted bond yields. Oil topped $91 a barrel after Saudi Arabia said OPEC+ may be forced to cut output.
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Business Maverick: Stocks Drift Sideways After Weak Economic Reports: Markets WrapStocks struggled for direction, with traders sifting through weak economic data and awaiting more clarity on the Federal Reserve’s monetary policy path from the Jackson Hole central bankers’ symposium later this week.
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