US stocks flat as market eyes bond yields

NEW YORK, March 1 — Wall Street stocks were little changed early today as Treasury bond yields pushed higher and retailers reported mixed results.

Minneapolis Fed President Neel Kashkari said in remarks today that he was open to a quarter or half point interest rate hike when the central bank next meets. "The fear is that the Fed is going to overshoot, and they're going to raise rates too much and cause a recession," said Adam Sarhan of 50 Park Investment.The broad-based S&P 500 slipped 0.1 per cent to 3,966.41, while the tech-rich Nasdaq Composite Index added 0.1 per cent at 11,460.72.

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