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Stocks drift, bond yields jump after Japan surprises markets

December 20, 2022

Via: ABC News

Stocks are drifting on Wall Street, and bond markets around the world are feeling pain Tuesday after a surprise move from Japan’s central bank cranked the pressure even higher on an already slowing global economy.

The S&P 500 was 0.1% higher after drifting between small losses and gains in early morning trading. The Dow Jones Industrial Average was up 68 points, or 0.2%, at 32,825, as of 10 a.m. Eastern time, while the Nasdaq composite was virtually flat after erasing an earlier loss of 0.9%.

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