U.S. stocks held steady Tuesday, as trading on Wall Street calmed after some sharp recent swings. The Standard & Poor's 500 edged up by 6.96 points, or 0.1%, to 5,187.70. It was a quiet day after three straight leaps for the index of at least 0.9%. The Dow Jones industrial average added 31.99, or 0.1%, to 38,884.26, and the Nasdaq composite slipped 16.69, or 0.1%, to 16,332.56. Kenvue, the company whose brands include Band-Aids and Tylenol, rose 6.
economy could pull off the balancing act of staying solid enough to avoid a bad recession without being so strong that it keeps inflation too high. After charging higher through the start of this year, when hopes dimmed for cuts to interest rates by the Federal Reserve, Treasury yields have been regressing this month to offer some relief for the stock market. The yield on the 10-year Treasury fell to 4.45% from 4.49% late Monday.
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