Stocks are back to falling on Wall Street as worries about a possible recession and rising bond yields put the squeeze back on markets.
The S&P 500 fell 2.1 percent Thursday, reaching its lowest level since late 2020. The washout erased the index’s gains in a big rally the day before. The Dow Jones Industrial Average fell 1.5 percent and the Nasdaq lost 2.8 percent.
For markets to really turn higher, analysts say investors will need to see a break from the high inflation that’s swept the world. That hasn’t arrived yet, and even more data arrived Thursday showing the opposite….