Wall Street

Choppy Wall Street waffles as investors weigh recession fears

Published by

By Lewis Krauskopf, Devik Jain and Sruthi Shankar (Reuters) – Wall Street’s main indexes were mixed in choppy trading on Thursday, as gains in defensive shares countered declines for economically sensitive groups amid growing worries about a recession. The benchmark S&P 500 edged lower as investors weighed whether the Federal Reserve’s aggressive rate hikes to control surging inflation would wound the economy. Benchmark U.S. Treasury yields fell to two-week lows, supporting tech and other growth stocks and keeping the Nasdaq in positive territory. Trading has remained volatile in the wake of t…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street