U.S. stocks traded mixed in the final hour of trading on Thursday as another pandemic lockdown in the southwestern Chinese metropolis of Chengdu added to...
U.S. stocks traded mixed in the final hour of trading on Thursday as another pandemic lockdown in the southwestern Chinese metropolis of Chengdu added to concerns about economic growth. The Dow Jones Industrial Average DJIA, +0.46% was up by 0.3% and the S&P 500 SPX, +0.30% gained less than 0.1%, while the Nasdaq Composite COMP, -0.
26% lost 0.6%. The two-year Treasury yield hit a fresh 15-year high at 3.528%, while the 10-year Treasury yield climbed to 3.266%, its highest level since late June. Rising bond yields also push the U.S. dollar to a 20-year high. Economists expect the August employment report, due Friday morning, to show the creation of 318,000 jobs.
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