Stocks ended lower Tuesday in a back-and-forth trading session, weakening as Treasury yields came under pressure and a key measure of the yield curve moved further into inversion territory.
The Dow Jones Industrial Average declined around 122 points, or 0.5%, to close near 25,777, according to preliminary figures, while the S&P 500 lost around 9 points, or 0.3%, to finish near 2,869. The Nasdaq Composite ended near 7,827, a fall of around 27 points, or 0.3%.
The yield on the 10-year Treasury note closed at its lowest level since July 2016 and moved further below the yield on the 2-year note. An inversion of the curve is seen as an often reliable warning signal of future recession.
Source : MarketWatch