Stocks Turn Negative Despite Morning Surge—As Market Stays Choppy After Monday’s Brutal Slide

Stocks whipsawed Wednesday as U.S. indexes turned negative in the afternoon after registering major gains earlier, as choppy trading accompanies tension among investors about the direction of the U.S. economy.After ending the morning up about 1%, the U.S. benchmark S&P 500 closed down 0.8% for the day, just 0.3% higher than its

The Dow Jones Industrial Average and tech-heavy Nasdaq also turned morning gains into daily losses amid the afternoon selloff, as the Dow fell 0.6%, or about 230 points, and the Nasdaq slipped more than 1%. Still, there were signs of increased investor risk appetite: Long-dated bond yields climbed again, as yields for 10-year U.S. Treasury note rose to almost 4%.The 10-year Treasury’s return to a near 4% yield confirms “there’s no recession looming,” declared Yardeni Research founder Ed Yardeni in a note to clients.

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Stocks Rally For 2nd Straight Day–As Market Steadies After Brutal SlideDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
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These Billionaires Lost The Most During Monday’s Stock Market SlideDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »

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مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »