The S&P 500 slipped 0.2%, its sixth consecutive loss. The benchmark index had been up 1.7% in the early going before a midafternoon pullback. The Dow fell 0.4%, while the Nasdaq composite wound up with a 0.2% gain.
The S&P 500 fell 7.75 points to 3,647.29. The Dow dropped 125.82 points to 29,134.99. The Nasdaq rose 26.58 points to 10,829.50. The Fed also released a forecast suggesting its benchmark rate could be 4.4% by the year’s end, a full percentage point higher than it envisioned in June. Bond yields were mostly higher Tuesday. The yield on the 2-year Treasury, which tends to follow expectations for Federal Reserve action, fell to 4.31% from 4.34% late Monday. It is trading at its highest level since 2007. The yield on the 10-year Treasury, which influences mortgage rates, rose to 3.98% from 3.93%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks fall on recession fears; Dow slips into bear marketStocks closed broadly lower Wall Street and the Dow Jones Industrial Average became the last of the major U.S. indexes to fall into what’s known as a bear market.
Source: KPRC2 - 🏆 80. / 68 Read more »
Asian markets mixed after Dow falls into bear marketStocks were mixed in Asia on Tuesday after closing broadly lower on Wall Street, where the Dow Jones Industrial Average fell into what’s known as a bear market.
Source: MarketWatch - 🏆 3. / 97 Read more »
The Dow just joined the S&P 500 in a bear market: What investors need to knowThe Dow Jones Industrial Average on Monday closes in a bear market, joining the S&P 500. Here's what history says to expect next. Hi folks! Just curious... If I invest $1,000.00 into the S&P 500 at $3,655.00, it has to reach $7,310.00 for me to have 100% profit aka $2,000.00? Or I could invest $1,000.00 in a $0.01/share stock and sell at $0.02/share to also have 100% profit aka $2,000.00? Unfortunately they need to know we are going lower We've been in a bear market recession for 9 months bro. Where you been?
Source: MarketWatch - 🏆 3. / 97 Read more »
Nasdaq turns positive as stocks pare losses heading into last hour of tradingU.S. stocks are paring their losses Tuesday afternoon after the Dow Jones Industrial Average briefly dropped below 29,000 for the first time in nearly two...
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow plunges to its lowest level since 2020 to end another dismal week | CNN BusinessUS stocks fell sharply in Friday trading as investors continued to worry about even more rate hikes from the Federal Reserve that could land the US economy in a recession. So whether you say we are in one or not, it's going to get worse under this administration!?!? Great job.... Hell is coming. Be honest and warn your viewers We're already in a recession.
Source: CNN - 🏆 4. / 95 Read more »
Stocks fall on recession fears; Dow slips into bear marketMajor indexes like the S&P 500, the Dow Jones Industrial Average and the Nasdaq took hits. Even the British pound slumped to an all-time low against the dollar.
Source: dothaneagle - 🏆 337. / 59 Read more »