On Thursday, Wall Street traded unevenly due to fears over China’s economic difficulties and the possibility of increased US interest rates.
The 10-year Treasury yield rose to its highest level in ten months, breaking October’s high of 4.338%.
The Fed’s July minutes indicate a gradual slowing of the US economy, while data reveal no such trend.
Despite the Fed’s efforts to cool the economy and inflation, the labor market remains tight.
The Dow Jones Industrial Average increased by 0.27%, the S&P 500 increased by 0.16%, and the Nasdaq Composite decreased by 0.12%.