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.
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