The New York Stock Exchange logo displayed on a screen at the NYSE in New York, July 2, 2015. — Reuters picNEW YORK, March 4 — Wall Street equities were choppy in early trading, with investors conflicted over the prospects for an economic recovery that could bring inflation with it, and tech shares again taking a hit.
The Dow was down 0.3 per cent to 31,156.79, and the broad-based S&P 500 dropped 0.8 per cent to 3,791.21. Markets in recent weeks have focused on rising yields on 10-year US Treasury notes as a worrying signal of coming inflation, which could trigger an increase in borrowing rates as the US economy recovers from the downturn caused by the Covid-19 pandemic.
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