Stocks continue to wobble a day after S&P falls into bear market
CBSN
Stocks are sliding on Wall Street Tuesday a day after dropping into a bear market.
The S&P 500 was down 14 points, or 0.4%, as of 11:30 Eastern Time on Tuesday, while the Dow dropped 0.5%. The tech-heavy Nasdaq edged up 0.1%.
In the early going, Treasury yields slowed their monster moves higher. There was also some positive news from U.S. companies. FedEx jumped 9% after sharply raising its dividend and business software maker Oracle soared 10% after easily beating earnings estimates.
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