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U.S. stock markets exhibited mixed results as the Nasdaq Composite Index closed lower, while the S&P 500 Index managed a slight gain. The S&P 500 bounced off a two-month low, reflecting a modest recovery amid ongoing high U.S. Treasury yields. Investors are adjusting their expectations regarding potential Federal Reserve rate cuts, influenced by strong economic data and persistent price pressures. Notably, the S&P 500 has experienced losses in four of the past five weeks, indicating ongoing volatility in the market.
The #Nasdaq fell while the S&P 500 bounced off a two-month low and posted a slight gain as US Treasury yields remained high, with investors lowering expectations for Fed rate cuts
US stocks were mixed as the Nasdaq fell and the S&P 500 rebounded slightly. High Treasury yields, strong data and price pressures weighed on equities. The S&P 500 logged losses in four of the past five weeks. More here: https://t.co/kz8Mftu03A https://t.co/yWiWssFi86
The Nasdaq fell while the S&P 500 bounced off a two-month low and posted a slight gain as US Treasury yields remained high, with investors lowering expectations for Fed rate cuts https://t.co/HROnKar1Bn https://t.co/GXRvgYBabW