Stock Market Today – 6/23: Stocks Rise, Oil, Treasury Yields Retreat Amid Recession Risk

Published by
The Street

By Martin Baccardax U.S. stocks, on pace for their worst first have performance in more than 50 years, look set to edge higher Thursday despite looming concern for a near-term recession. Updated at 7:47 am EST U.S. equity futures edged higher Thursday, while oil prices and Treasury bond yields resumed their recent slides, as investors heeded Federal Reserve Chairman Jerome Powell’s warning that a near-term recession in the world’s biggest economy is possible. Speaking in front of the Senate Banking Committee on Capitol Hill yesterday, Powell reiterated that the Fed’s inflation fight, which inc…

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