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Stocks Fluctuate as Traders Assess Fed Rate Path: Markets Wrap

  • US 2- to 30-year curve hits most inverted level this century
  • Oil fluctuates amid optimism for more demand from China
Bloomberg business news
WATCH: Nancy Tengler, CEO and CIO at Laffer Tengler Investments, discusses her outlook for markets and investment strategy.Source: Bloomberg
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Stocks fluctuated as investors weighed the prospect of large interest rate hikes by the Federal Reserve. Treasury yields and the dollar edged higher. 

European stocks and US futures were little changed after the S&P 500 closed in the green thanks to dip buyers late in the session. Banks outperformed, while utilities slumped. The MSCI Asia Pacific Index reversed earlier gains as China dragged the region lower.