US stocks slip, on track for 4th monthly loss this year

FILE - A street sign is seen in front of the New York Stock Exchange in New York, Tuesday, June 14, 2022. Stocks are rising solidly higher in early trading on Wall Street Tuesday, June 28. Travel-related companies were among the biggest winners after China eased a quarantine requirement for people arriving from abroad, raising hopes that the severe pandemic lockdowns there might be starting to ease.(AP Photo/Seth Wenig, File)

Stock indexes on Wall Street ended mostly lower Wednesday after another choppy day of trading as the market heads toward its fourth monthly loss this year.

The S&P 500 ended 0.1% lower after shifting between small gains and losses. The Dow Jones Industrial Average eked out a 0.3% gain, while the Nasdaq composite slipped less than 0.1%.

Trading has been volatile all week amid growing signs the economy could be in for a recession under the pressure of stubbornly high inflation and sharply higher interest rates.

Investors snapped up U.S. government bonds, sending yields lower. The yield on the 10-year Treasury, which influences rates on mortgages and other consumer loans, fell to 3.10% from 3.20% late Tuesday, a big move.

"Lower yields because we've got more economic risk is not a good thing for the market," said Willie Delwiche, investment strategist at All Star Charts.