NEW YORK (AP) –
Stock prices on Wall Street drifted Wednesday on mixed balance sheets at some of the nation’s largest banks.
The S&P 500 ranged between small gains and losses and was down 0.1% at noon, a day after ending a strong four-day bullish streak. The Dow Jones Industrial fell 0.1%, or 27 points, to 28,652, and the Nasdaq also fell 0.1% after an initial advance of 0.6%.
Other global stock markets have slumped as coronavirus outbreaks mount, increasing the danger of governments imposing further restrictions on business.
In the United States, the chances that Washington will grant a great plan to support the economy in the short term are diminishing. Bond yields were declining as oil and gold prices rose.