Volatility made an early appearance this week as the Dow Jones Industrial Average began the trading session in the green, but then fell over 100 points with companies like United Technologies and Procter & Gamble declining. However, it quickly returned back to gain just over 25 points before dropping down to a shade under an 80-point loss as of 11:10 a.m.ET.
The S&P 500 was down for the 11th time in 13 days and is having its worst month since August 2015 as names like Nektar Therapeutics, Bristol-Myers Squibb Co and Hasbro Inc were the top decliners in the index. The Nasdaq Composite was the sole gainer in the early session, helped by Ctrip.com International and Baidu Inc.
Treasury note yields have been under close scrutiny as of late with yields reaching new highs, causing investors to fret that a recession may be looming. Yields, however, fell today with the benchmark yields ticking lower as the 10-year note dropped to 3.192, while the 30-year note ticked lower to 3.376.