News from the Fed sent bond yields sharply lower Wednesday. That triggered one of the biggest slides for Treasury yields in months, knocking the 10-year Treasury yield as low as 2.53%, down from 2.61% late Tuesday and from 3.20% late last year.
U.S. stocks gave up an early rally Tuesday, ending a winning streak. Banks accounted for much of the decline, along with utilities and industrial companies. Those losses offset gains in health care, technology and consumer products stocks.
Energy companies led modest gains for U.S. stock indexes Monday. Financial, consumer goods and technology stocks also accounted for much of the gains.
Tech companies powered U.S. stocks Friday to a solid weekly gain. Financial, health care and consumer stocks joined in the market rally. The gains erased losses from last week, when the S&P 500 had its worst week of the year. The benchmark index has now posted a weekly gain nine out of 11 times this year.
U.S. stock indexes ended Thursday mostly lower. The market was coming off a solid three-day rally as it reclaimed some of the momentum it had in January and February.
Health care and tech companies led U.S. stocks to their third straight gain on Wednesday. The S&P 500 has now clawed back all its losses from last week, when the benchmark index posted its worst week since December.
U.S. stock indexes ended mostly higher on Tuesday. A report showing that U.S. consumer prices rose modestly last month — the latest evidence that inflation remains in check — helped lift stocks.
Investors drew encouragement from a report monday showing a slight increase in U.S. retail sales for January after a steep decline in December, and from new data showing a rebound in Chinese exports this month, said Tom Martin, senior portfolio manager with Globalt Investments.
The S&P 500 posted its eighth loss in nine days on Friday. A sell-off, which lost some strength toward the end of the day, followed a surprisingly weak jobs report and more signs that the global economy is hitting the brakes.
Stocks slumped again on Wall Street Thursday, extending weekly losses. Declines in health care stocks and big retailers weighed on the market. Utilities eked out a gain as investors sought out safer holdings.