The broader market lull continued. The Cboe Volatility Index, or VIX—known as Wall Street’s fear gauge—dropped after finishing Tuesday at its lowest level since February 2020. Jitters in the bond market are similarly quieting.
Stocks wavered. The S&P 500 was about flat, handing back early gains. The Nasdaq Composite fell 0.2%. The Dow industrials were recently flat. Supporting U.S. stocks was a sign that the economy remains in good health: Americans upped their imports from abroad in April.
Treasury yields crept upward. The yield on the benchmark 10-year U.S. Treasury note rose to 3.755%, from 3.699% Tuesday. The two-year yield rose to 4.544%, from 4.523%.
Overseas, Japan’s Nikkei 225 fell 1.8% after closing Tuesday at its highest level since 1990. Turkey's lira is tumbling.
In China, exports fell 7.5% from a year ago in May, outpacing the 1% decline expected by economists. It's the latest sign that the world’s second-largest economy is contending with a fading recovery.
Up ahead: Results from GameStop are due after the market closes.
https://ift.tt/avKXPcD
Business
Bagikan Berita Ini
0 Response to "Stock Market Today: S&P 500 Touches Bull-Market Territory, Then Retreats - The Wall Street Journal"
Post a Comment