Stocks were broadly lower in morning trading on Thursday, as investors were discouraged by economic data that showed continuing pain for recession-impacted Americans as well as the steady rise of bond yields.
The S&P 500 index lost 0.9% as of 11:15 a.m. Eastern. The Dow Jones Industrial Average was down 0.9% and the technology-heavy Nasdaq Composite was down 1.4%. The Russell 2000 index of small companies was down 1.6%.
Energy prices declined for a second day, as the frigid temperatures that impacted Texas and much of the Midwest moved East. Natural gas prices were down 4%.
Bond yields continue to climb, as murmurs of inflation have started among investors
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