Stocks gave back their earlier gains on Thursday as Treasury yields reversed course to trade lower on the day as fears of a global economic slowdown persisted.
The Dow Jones Industrial Average traded 46 points lower while the S&P 500 dipped 0.2%. The Nasdaq Composite also dipped 0.2%. The three major averages traded higher earlier in the day.
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Stock benchmarks traded into the red around the same time the 10-year Treasury yield went negative. The yield fell to 2.227%, near 20-month lows. The 10-year yield entered May trading above 2.5%.