The benchmark S&P 500 and the Nasdaq fell on Thursday after weak U.S. manufactur...
- The benchmark S&P 500 and the Nasdaq fell on Thursday after weak U.S. manufacturing data raised concerns about the health of the economy, with comments from Fed officials dampening hopes of future interest rate cuts.
Yields on the U.S. two-year Treasury notes again moved above those of 10-Year bonds in response to the disappointing data. [US/] “I don’t see a near term recession but looking at a year from now, it could be possible ... If the inversion continues into September and into October then it’s something to be more mindful about.”
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