Stocks Waver, Bonds Gain With Focus on Policy: Markets Wrap
Stocks wavered while bonds gained, with traders assessing comments from major central bank chiefs for clues on the outlook for policy and the global economy.
The S&P 500 edged higher after briefly trading below the 3,815 Fibonacci 38.2% retracement level that investors have been closely watching. Quarterly rebalancing of portfolios contributed to the equity-market choppiness. The greenback advanced against most major currencies. Treasury 10-year yields hovered near 3.15%.