Major U.S. stock indexes finished mixed Monday after wavering for much of the day as traders tried to make sense of newly pessimistic views on the economy.
Investors were also parsing another troubling drop in long-term bond yields, which many see as a warning sign of a possible recession. Large-company stocks ended broadly lower, led by drops in big technology companies.
On Monday:
The S&P 500 dropped 2.35 points, or 0.1 per cent, to 2,798.36.
The Dow Jones Industrial Average rose 14.51 points, or 0.1 per cent, to 25,516.83.
The Nasdaq composite lost 5.13 points, or 0.1 per cent, to 7,637.54.
The Russell 2000 index of smaller company stocks picked up 6.94 points, or 0.5 per cent, to 1,512.86.
For the year:
The S&P 500 is up 291.51 points, or 11.6 per cent.
The Dow is up 2,189.37 points, or 9.4 per cent.
The Nasdaq is up 1,002.26 points, or 15.1 per cent.
The Russell 2000 is up 164.30 points, or 12.2 per cent.
The Associated Press
