NEW YORK—Stocks fell broadly on Wall Street Thursday as worries about a possible recession and rising bond yields put the squeeze back on markets.
The S&P 500 fell 2.1 percent, reaching its lowest level since late 2020. The washout erased the index’s gains in a big rally the day before. That’s when forceful moves by the Bank of England to get suddenly spiking U.K. yields under control led to a global burst of relief among investors.
The Dow Jones Industrial Average fell 1.5 percent and the Nasdaq composite lost 2.8 percent. The Russell 2000 index of smaller companies dropped 2.4 percent.
The major indexes are on pace for a weekly loss to wind up what has been a dismal month for Wall Street. With one day left in September, the benchmark S&P 500 is down about 8 percent for the month….