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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 Dow Jones Industrials squeaked up 1.58 points to 33,597.42.
The S&P 500 retreated 7.34 points to 3,933.92.
The NASDAQ shed 56.34 points to 10.958.55.
Stocks are on pace for weekly losses, with the Dow down 2.4%. The S&P has fallen 3.4%, and the NASDAQ has let go of 4.4%,
Prices for the 10-year Treasury rose sharply, lowering yields to 3.42% from Tuesday’s 3.53%. Treasury prices and yields move in opposite directions.
Oil prices diminished $1.80 to $72.45 U.S. a barrel.
Gold prices brightened $16.80 to $1,799.20 U.S. an ounce.
