Choppy Wall Street waffles as investors weigh recession fears

Published by
Reuters

By Lewis Krauskopf, Devik Jain and Sruthi Shankar (Reuters) – Wall Street’s main indexes were mixed in choppy trading on Thursday, as gains in defensive shares countered declines for economically sensitive groups amid growing worries about a recession. The benchmark S&P 500 edged lower as investors weighed whether the Federal Reserve’s aggressive rate hikes to control surging inflation would wound the economy. Benchmark U.S. Treasury yields fell to two-week lows, supporting tech and other growth stocks and keeping the Nasdaq in positive territory. Trading has remained volatile in the wake of t…

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