Stocks Dip as Steadying Yields Calm Wall Street After Fall

Stocks Dip as Steadying Yields Calm Wall Street After Fall
Traders work on the floor of the New York Stock Exchange during afternoon trading in New York on Aug. 22, 2022. Michael M. Santiago/Getty Images
The Associated Press
Updated:

NEW YORK—Stocks drifted to modest losses in a quiet Tuesday on Wall Street, as steadying Treasury yields helped calm the market following its worst tumble in months.

The S&P 500 dipped 9.26 points, or 0.2 percent, to 4,128.73 after flipping between small gains and losses through the day. The edge lower follows up on Monday’s sharp 2.1 percent drop, which came on the heels of the first losing week for the index in the last five.