Bond Yields Top 4.6%, Dow Finishes Lower


The stock-market selloff showed signs of easing Wednesday morning. Those signs were less evident by the close, with the Dow ending lower and the Nasdaq up.

Stock indexes were mixed. The S&P 500 ended roughly flat. The Nasdaq was up 0.2%, while the Dow Jones Industrial Average was down 0.2%.

Treasury yields rose. The 10-year yield settled at 4.625%, up from 4.558% on Tuesday—its highest close since October 2007.

The dollar’s rally continued, with the WSJ Dollar Index edging up against a basket of currencies. Through Tuesday, the index had risen for six straight trading sessions.

The Cboe Volatility Index returned to 19.50, its high on Tuesday, then retreated below 19. The VIX, known as Wall Street’s fear gauge, has been subdued for much of this year. Anything higher than 20 typically indicates fear is starting to rise.

Oil prices rose amid ongoing supply concerns. Brent crude, the international benchmark, climbed above $96 a barrel. Energy stocks advanced.

Europe stock indexes edged lower, while Asian ones mostly rose.

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