US stocks give up gains as yields continue fall

Thursday, 15. August 2019 20:20

Stocks on Wall Street gave up earlier gains to trade flat, while the Nasdaq 100 retreated into negative territory on Thursday in a volatile session amid falling bond yields.

Moments before, the yield on the benchmark 10-year Treasury note hit a three-year low below 1.5%. Tensions over declining government debt yields caught up with markets on several occasions during the day.

The Dow Jones Industrial Average and the S&P 500 were flat at 2:28 pm ET, while the Nasdaq 100 lost 0.29%.

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