Wall Street has yo-yoed to a mixed finish as rising oil prices and bond yields cranked up the pressure even higher on the stock market.
The S&P 500 inched up by less than 0.1 percent Wednesday after taking several U-turns through the day. The Dow Jones Industrial Average fell 68 points, and the Nasdaq composite rose 0.2 percent.
September is on track to be the worst month of the year for Wall Street as it tries to absorb a recent leap in Treasury yields. Yields rose further Wednesday, reaching heights unseen in more than a decade. Crude oil prices also rallied above $93 per barrel.
On Wednesday:
The S&P 500 rose 0.98 points, or less than 0.1 percent, to 4,274.51.
The Dow Jones Industrial Average fell 68.61 points, or 0.2 percent, to 33,50.27.
The Nasdaq composite rose 29.24 points, or 0.2 percent, to 13,092.85.
The Russell 2000 index of smaller companies rose 17.29 points, or 1 percent to 1,778.90.
For the week:
The S&P 500 is down 45.55 points, or 1.1 percent.
The Dow is down 413.57 points, or 1.2 percent.
The Nasdaq is down 118.96 points, or 0.9 percent.
The Russell 2000 is up 2.40 points, or 0.1 percent.
For the year:
The S&P 500 is up 435.01 points, or 11.3 percent.
The Dow is up 403.02 points, or 1.2 percent.
The Nasdaq is up 2,626.37 points, or 25.1 percent.
The Russell 2000 is up 17.66 points, or 1 percent.
