Wall Street

Stock Market Today – 6/23: Stocks Rise, Oil, Treasury Yields Retreat Amid Recession Risk

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The Street

By Martin Baccardax U.S. stocks, on pace for their worst first have performance in more than 50 years, look set to edge higher Thursday despite looming concern for a near-term recession. Updated at 7:47 am EST U.S. equity futures edged higher Thursday, while oil prices and Treasury bond yields resumed their recent slides, as investors heeded Federal Reserve Chairman Jerome Powell’s warning that a near-term recession in the world’s biggest economy is possible. Speaking in front of the Senate Banking Committee on Capitol Hill yesterday, Powell reiterated that the Fed’s inflation fight, which inc…

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