NEW YORK — A shaky day of trading on Wall Street ended with a blended surface for U.S. stock indexes Tuesday as markets stagger amidst concerns about a possible economicdownturn.
The unstable trading comes a day after a broad sell-off sentout the Dow Jones Industrial Average into a bear market, signingupwith other significant U.S. indexes.
The S&P 500 slipped 0.2%, its 6th successive loss. The standard index hadactually been up 1.7% in the early going priorto a midafternoon pullback. The Dow fell 0.4%, while the Nasdaq composite injury up with a 0.2% gain.
Major indexes stay in an extended downturn. With simply a coupleof days left in September, stocks are heading for another losing month as markets worry that the greater interest rates being utilized to battle inflation might knock the economy into a economicdownturn.
“The market right now is rates in slower development in the near term since of greater interest rates and inflation that’s been constantly hotter for longer than anticipated,” stated Lindsey Bell, chief markets and cash strategist at Ally Invest.
The S&P 500 fell 7.75 points to 3,647.29. The Dow dropped 125.82 points to 29,134.99. The Nasdaq increased 26.58 points to 10,829.50.
The S&P 500 is down approximately 8% in September and hasactually been in a bear market because June, when it hadactually fallen more than 20% listedbelow its all-time high set on Jan. 4. The Dow’s drop on Monday put it in the exactsame business as the standard index and the tech-heavy Nasdaq.
Central banks around t