Wall St posts fourth straight drop, Treasury yields rise as recession fears weigh

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Reuters UK

By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply lower to extend their three-day losing streak on Monday and Treasury yields advanced, with few catalysts to dissuade risk-off sentiment at the beginning of a likely low-volume, pre-holiday week. All three major U.S. stock indexes ended near their session lows as investors resumed last week’s flight to safety, which was driven by recession worries and the Federal Reserve’s renewed vow to keep interest rates at restrictive levels until the inflation beast is tamed. “Negative sentiment is reinforcing negative sentiment, feeding on it…

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