Wall Street's main indexes witnessed marginal losses yesterday as investors continue to try and assess the trajectory of inflation. Federal Reserve officials continue to downplay rising price pressures, and Fed Vice Chair Richard Clarida said the central bank can take steps to cool a jump in inflation.
Yields on longer-dated U.S. Treasuries fell for a fourth straight day, with the benchmark 10-year yield hitting a fresh two-week low of 1.564 percent and helping to ease inflation worries. The yield had climbed to as much as 1.776 percent at the end of March.
The Dow Jones Industrial Average and the S&P 500, both fell marginally by 0.2 percent while the Nasdaq Composite index ended flat.
News On AIR | May 26, 2021 6:17 PM | Wall Street's main indexes witness marginal losses
Wall Street's main indexes witness marginal losses