Stocks declined, with the Standard & Poor\u2019s 500 Index sliding to a five-week low, as speculation the economy may slip into another recession offset investor optimism amid more than $1 trillion in takeovers this year. Two-year Treasury notes climbed, while oil fell for a fourth day.<\/p>\n
The S&P 500 lost 0.4 percent to 1,067.36 at 4 p.m. in New York, the lowest level since July 16. Two-year note yields slid 1 basis point to 0.49 percent, hovering near a record low of 0.4547 percent reached on Aug. 20. Oil dropped 71 cents, or 1 percent, to $73.11 a barrel.<\/p>\n
“There still are very deep concerns about the economy and earnings,” said Hugh Johnson, who oversees $1.85 billion as chairman of Albany, New York-based Hugh Johnson Advisors LLC. “All of the data says the economy remains very weak, that the weakness is likely to persist. The possibility of a double dip is weighing heavily over the stock market.”<\/p>\n","protected":false},"excerpt":{"rendered":"
“All of the data says the economy remains very weak, that the weakness is likely to persist. The possibility of a double dip is weighing heavily over the stock market.”<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[29,47],"class_list":["post-1259","post","type-post","status-publish","format-standard","hentry","category-business","tag-economy","tag-investing"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/1259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=1259"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/1259\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=1259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=1259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=1259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}