Stocks are dipping on Wall Street Wednesday, and Treasury yields are dropping following the latest signals that the U.S. economy is slowing under the weight of much higher interest rates.
The S&P 500 was 0.3% lower in morning trading, a day after it broke a four-day winning streak. The Dow Jones Industrial Average was up 34 points, or 0.1%, at 33,436, as of 10:30 a.m. Eastern time, while the Nasdaq composite was 1% lower.