U.S. stocks closed slightly higher following a choppy session, and bond yields remained near their highest levels in three years, with investors preparing for a campaign of interest-rate increases from the Federal Reserve. ECONOMIST WARNS US FACING 'VERY SIGNIFICANT SLOWDOWN'Consumer discretionary, technology and real-estate stocks rose, while energy shares led the benchmark's decliners. The tech-focused Nasdaq Composite rose 185.60 points, or 1.3%, to 14354.
U.S. stocks closed slightly higher following a choppy session, and bond yields remained near their highest levels in three years, with investors preparing for a campaign of interest-rate increases from the Federal Reserve.Fed officials have recently signaled openness to the central bank making half-percentage-point interest rate increases if the economic outlook calls for it, rather than the quarter-percentage-point changes that are more customary.
Trading has remained choppy as investors try to gauge what’s next for inflation and the global economy as the repercussions of Russia’s invasion of Ukraine continue to play out.
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