The S&P 500 and Dow indexes slipped in the final trading session of Februray as Treasury yields rose to multi-month highs.
Traders work on the floor of the New York Stock Exchange in New York City, U.S., February 27, 2023. REUTERS/Brendan McDermidIndexes set for monthly lossesFeb 28 - The S&P 500 and Dow indexes slipped in the final trading session of Februray as Treasury yields rose to multi-month highs on bets of more interest rate hikes by the Federal Reserve.
Wall Street's main indexes were set for monthly declines after a strong performance at the start of the year as signs of a strong U.S. economy and elevated inflation spurred worries that the Fed will stick to its hawkish policy for longer.
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