10-year Treasury yield falls as traders weigh recession risk
U.S. equities gain as traders parse Fedspeak
In these treacherous markets, have cash on hand: MarketGauge Group's Michele Schneider
US stocks rose and Treasuries rallied as weaker-than-forecast data and a renewed hawkish tone from Federal Reserve officials ratcheted up worries the economy is headed for a recession.
The S&P 500 resumed gains on Thursday, ending the day up nearly 1 per cent. The tech-heavy Nasdaq 100 also rose. Treasury yields declined, with the 10-year yield hovering around 3.08 per cent. Commodities from oil to copper and wheat remained under pressure as signs of waning demand mounted.
Data on Thursday did little to boost sentiment about a global economy battered by a flurry of central bank rate increases. Jobless claims hovered near a five-week high, while manufacturing …
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