U.S. stocks finish mostly lower, S&P 500 books back-to-back losses amid rising Treasury yields

U.S. stocks closed mostly lower Wednesday, with the S&P 500 booking back-to-back losses, as Wall Street began March on a downbeat note. The Dow Jones Industrial Average DJIA, +0.02% edged up less than 0.1% to close about flat, while the S&P 500 SPX, -0.47% shed 0.5% and the technology-heavy Nasdaq Composite COMP, -0.66% dropped 0.7%, according to preliminary data from FactSet.

Stocks mostly fell amid rising Treasury yields as investors weighed remarks from Minneapolis Federal Reserve President Neel Kashkari, who on Wednesday indicated he’s undecided about whether he will advocate for the central bank to raise its benchmark rate by a quarter of a percentage point or a half point at its meeting later this month. The yield on the two-year Treasury note jumped 9.2 basis points on Wednesday to 4.887%, the highest since July 17, 2007, according to Dow Jones Market Data.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks close lower, S&P 500 ends February with biggest monthly loss since DecemberU.S. stocks closed lower Tuesday, with the S&P 500 finishing February with the worst monthly performance since December amid heightened worries over sticky... Who wrote this headline? January? IOW, the biggest monthly loss in 2 months!!!
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market news today: S&P 500 flops in February on Fed fearsUS stocks end lower to cap off losing month of February Thanks Biden!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

The March stock market outlook as the S&P 500 loses momentum after strong 2023 startThe stock market needs a dose of caffeine and vitamins.
Source: CNBC - 🏆 12. / 72 Read more »