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Stocks end mixed on Wall Street amid rate hike expectations

April 10, 2023

Via: ABC News

Stocks closed mixed on Wall Street Monday in their first trading after a report heightened speculation the Federal Reserve may tap the brakes again on financial markets and the economy. The S&P 500 gained 0.1% Big Tech stocks were worst off as bets built for the Fed to raise interest rates at its next meeting. That had the Nasdaq down under 0.1%. But hope still remains that the economy may skirt a recession, which helped the Dow rise. Stocks were catching up to the bond market, where yields rose Friday with expectations for a rate hike.

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