Stocks drift as steadying yields calm Wall Street after fall
The S&P 500 slipped 0.2% Tuesday. It’s coming off Monday’s 2.1% drop, which came on the heels of its first losing week in the last five.
Volatility has returned to Wall Street following what had been a strong summer as worries rise about how aggressively the Federal Reserve will raise interest rates, reports AP.
Recent comments from Fed officials have cooled hopes for a less forceful Fed. Yields fell Tuesday following some weaker-than-forecast readings on the economy.
AHN
