NEW YORK (AP) — Stocks shed early gains and turned lower in late morning trading on Wall Street Tuesday as the market remains shaky a day after a broad sell-off.
NEW YORK (AP) — Stocks shed early gains and turned lower in late morning trading on Wall Street Tuesday as the market remains shaky a day after a broad sell-off. The S&P 500 fell 0.3% as of 11:24 a.m. Eastern. The benchmark index was up as much as 1.9% in early trading. It slumped 3.2% a day earlier, hitting its lowest level in more than a year. The Dow Jones Industrial Average fell 16 points, or 0.1%, to 32,153 and the Nasdaq fell 0.2%. Big technology stocks, which have been swinging sharply both up and down recently, made slight gains and helped counter losses elsewhere in the market. Apple rose 1% and Microsoft rose 0.8%. Bond yields eased. The yield on the 10-year Treasury fell to 2.95% from 3.08% late Monday. Treasury yields have been rising and stocks have been extremely volatile recently as Wall Street adjusts to an aggressive turnaround in the Federal Reserve’s policies away from supporting the economy and towards fighting inflation.
