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VOL. 46 | NO. 40 | Friday, October 7, 2022
Late slide sends Wall Street lower in more uncertain trading
The Associated Press
Stocks ended a wobbly day lower on Wall Street after a late-afternoon drop erased the tentative gains major indexes had been clinging to for much of the day.
The S&P 500 gave back 0.3% Wednesday, its sixth consecutive loss. The Dow and Nasdaq ended with smaller losses. Yields on the 2-year and 10-year Treasury notes ended lower.
Stocks had waffled between gains and losses for much of the day as traders parsed a report from the government that showed inflation at the wholesale level eased last month, though it was a bit worse than expected.
Crude oil prices fell.