advanced 0.3% to 7,567.72. The major indexes had closed lower on Wednesday, with the Dow losing more than 200 points.
Stock benchmarks briefly turned negative in afternoon trading, around the same time the 10-year Treasury yield gave back its earlier gains. The yield fell to 2.227%, near 20-month lows. The 10-year yield entered May trading above 2.5%. "It definitely points to slower growth. That's the primary driver right now in this risk-off environment we've experienced in the month of May," said Ryan Nauman, market strategist at Informa Financial Intelligence, about the drop in yields. "People are rotating out of equities and into Treasurys for that defensive play."
The S&P 500 is down more than 5% this month and remains below 2,800 — a key level watched by traders — for the first time since late March.
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