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Nasdaq, S&P 500 slip from record highs as yields and oil rebound
The Nasdaq and the S&P 500 eased from record highs on Wednesday as Treasury yields and oil prices rebounded, keeping investors cautious as they awaited the minutes of the Federal Reserve’s September meeting. Sentiment turned more cautious as investors reassessed the outlook for interest rates and energy costs. Brent crude was back above the psychologically important $100-a-barrel level as Middle East supply concerns persisted. “We’re seeing a little bit of profit-taking today. The market is very focused on the Fed minutes, but ultimately it’s where oil prices and yields move that will dete...
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