NEW YORK (AP) — U.S. shares are ticking higher Monday as Wall Street retains wrestling with whether or not the economic system will efficiently keep away from a recession amid rising rates of interest and excessive inflation.
The S&P 500 was 0.7% higher in afternoon buying and selling, and the Nasdaq was up 0.9%. Both began the day with even larger features, following up on power throughout European and Asian markets after China relaxed some powerful anti-COVID measures.
But shares fell again a bit as Treasury yields continued to climb, placing downward strain on shares.
The yield on the 10-year Treasury jumped again above 3%.