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S&P 500 and Treasury Yields Drop as Recession Worries Intensify Amidst Soft Data

By Pete Sadler
Image by Gerd Altmann from Pixabay

U.S. stocks lost ground on Wednesday and Treasury yields extended their decline as a batch of data fueled worries that restrictive central bank policies could push the global economy into recession.

The S&P 500 (.SPX) closed in negative territory, and megacap momentum stocks (.NYFANG) dragged the tech-heavy Nasdaq down more than 1%, while defensive stocks helped keep the Dow modestly green.

The 10-year Treasury yield slid further to a near seven-month low.

Source : S&P 500 and Treasury Yields Drop as Recession Worries Intensify Amidst Soft Data

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