The S&P 500 and the Dow Jones Industrial Average reversed losses late in the trading day.
On news of a coming stock-split,Tesla jumped 8%, making a strong gain for the Nasdaq. The Biden administration is trying to slow stock repurchases by limiting when executives can sell shares. The proposal is part of a budget that would raise taxes on the ultra-rich and add more defense spending.
The yield on the 10-year bond fell, but still remained near their highest levels in three years.
The market closed at 4:00 pm on Monday.
The inverted yield curve and the Fed warrant caution from investors are still unlikely to cause a recession.
AMC Entertainment surged today after its CEO mapped out more strategic deals to take advantage of interest from retail investors.
Russia is about to make payments on a $2 billion dollar bond next week, after narrowly avoiding a default earlier this month. As the Russian central bank makes a flurry of moves to navigate sanctions, it is unclear whether it is using gold.
The price of oil sank with West Texas Intermediate falling to $103.50 a barrel. The international benchmark for crude oil plunged 9.11% to $109.58 a barrel.
The price of gold fell to $1,920.90 per ounce. The yield on the 10-year bond fell about 4 basis points.
The price of the digital currency rose to $48,020.69.
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