S&P 500 notches 5th day of losses as traders consider recession odds, yields fall
(Image by Sergei Tokmakov, Esq. Terms.Law from Pixabay)
(CNBC) -- The S&P 500 fell for a fifth day as traders weighed the possibility of a recession, and the likelihood of a longer-than-expected hiking cycle from the Federal Reserve.
The S&P slipped 0.19% to end the session at 3,933.92. The Dow Jones Industrial Average eked out a gain of 1.58 points, roughly flat, to finish the session at 33,597.92. The Nasdaq Composite fell 0.51% to end at 10,958.55.
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Bond yields also fell, with the rate on the 10-year Treasury note last trading nearly 10 basis points lower at 3.419%.
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