Treasuries Rise, Stocks Drift on Recession Worries: Markets Wrap
(Bloomberg) — Treasuries rallied and equities were muted as growing signs of a global economic slowdown raised investor concern that the start-of-the-year rally in risk assets may have gone too far.
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Contracts on the S&P 500 Index were little changed after the benchmark slumped the most in a month Wednesday amid weaker-than-expected economic data. Nasdaq 100 futures were also little changed. Europe’s Stoxx 600 gauge halted a six-day rally. The 10-year Treasury yield…