S&P 500 erases big losses to end up; investors buy bargains, yields off lows

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SOURCE: http://feeds.reuters.com/~r/reuters/topNews/~3/5IkOu-Gtb4c/sp-500-erases-big-losses-to-end-up-investors-buy-bargains-yields-off-lows-idUSKCN1UX1A9

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3 Min ReadNEW YORK (Reuters) - The S&P; 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession. Increasing worries over a global economic downturn and bets the Federal Reserve will have to pick up its pace of interest rate cuts pushed Treasury yields sharply lower early, with 10-year yields touching their lowest since October 2016.

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S&P 500 erases big losses to end up; investors buy bargains, yields off lows

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Caroline Valetkevitch