Major US stock indices are rebounding off of premarket levels but are still negative on the day.
- Dow industrial average is down -172 points or -0.39% at 44746.84.
- S&P index is down -12.25 points or -0.18% at 6454.62.
- NASDAQ index is down -9.37 points or -0.04% at 21703.11.
The small-cap Russell 2000 is down -31.80 point or -1.37% at 2296.31 as the market reacts to higher rates and perhaps expectations at the Fed will be as accommodative between now and the end of the year. Of course the Russell 2000 also rose just short of 5% in two trading days prior to today’s fall
Stocks rebounding but still negative as the market digests the data