In an all-to-familiar theme, U.S. equities shed early gains to finish mixed, adding to the volatility that has sent the major indices to levels not seen in over a year.
After looking as if U.S. equities may get a reprieve from the recent selloff, the markets turned lower midday to finish in the red in volatile trading in the wake of another hotter-than-expected consumer price inflation report.
U.S. equities were able to come off the lows of the day to finish mixed, as investors assessed a number of ongoing headwinds that remained in place, including concerns surrounding the Fed, inflation, and potential for slowing economic growth.
U.S. equities finished broadly higher to snap a three-day losing streak on the heels of news that Russia has begun pulling back troops from the Ukraine border, somewhat cooling tensions in the region.
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