US Stocks Edge Higher as Recession Odds Chewed: Markets Wrap
- Yields rise with up to $35 billion corp issues seen this week
- PayPal falls in afterhours; Premier mulls sale, shares halted
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US equities eked out a small gain Monday while Treasuries fell as investors weighed what it would take to finally reverse the Federal Reserve’s path on rates after a survey of loan demand showed signs of credit tightening.
The S&P 500 ended the day little changed after wavering between gains and losses in a subdued session Monday. The gauge had jumped 1.9% Friday to halt its longest losing streak since February. The tech-heavy Nasdaq 100 advanced 0.2% as AI-capable chipmakers Advanced Micro Devices Inc. and Nvidia Corp. rose alongside Google-parent Alphabet Inc.