Most U.S. stocks fell following a mixed round of data on the economy, keeping them on track for their worst week since April.
Most U.S. stocks fell Thursday after a mixed round of data on the economy, keeping them on track for their worst week since April. The Standard & Poor's 500 slipped 0.3% for a third straight drop, and the Dow Jones industrial average lost 0.5%. The Nasdaq composite held up better than the rest of the market and added 0.3% thanks to gains for Tesla and a handful of other major tech stocks. Treasury yields also slipped a bit in the bond market after the mixed economic reports.
70% in April, which is a significant move for the bond market. Perhaps more important for investors, the 10-year yield is flirting with the end of a more than two-year stretch where it was lower than the two-year Treasury yield. That’s an unusual occurrence called an “inverted yield curve.” Usually, longer-term yields are higher than shorter-term yields.
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