US stocks slip after 2 consecutive gains as investors weigh recession signals

• US stocks slipped following two consecutive winning days as the 10-year Treasury yield climbed back above 3%.
• Oil shot past $120 a barrel, and the UAE said prices are nowhere near their peak.

US stocks dropped Wednesday following two consecutive positive trading days, as bond yields climbed amid recession fears.

The sell-off came as the OECD cut its global growth forecasts for this year and next year, following a similar downgrade from the World Bank on Tuesday.

Meanwhile, investors are digesting profit warnings from the likes of Target and others in the $4 which may see further cuts to estimates.

Here's where US indexes stood as the market opened 9:30 a.m. on Wednesday:

• S&P 500>$4: 4,138.25, down 0.54%

• Dow Jones Industrial Average>$4: 32,981.99, down 0.60% (198.15 points)

• Nasdaq Composite>$4: 12,123.29, down 0.43%

Billionaire investor Ray Dalio said that $4 by 2024.

"We are in a tightening mode that can cause corrections or downward moves to many financial assets, the founder and co-CIO of Bridgewater Associates told the $4. "The pain of that will become great and that will force the central banks to ease again, probably somewhere close to the next presidential elections in 2024."

Roku surged 7% Wednesday after $4 the streaming platform.

As inflation pressures rise, retail investors are at their $4 despite the strength of the dollar this year. Typically gold and a strengthening dollar share an inverse relationship.

But Michael Burry, the famed "Big Short" investor, argued that the dollar is only strong relative to its currency rivals, and that $4.

Meanwhile, Ken Griffin's Citadel Securities is reportedly creating a $4 in an effort to increase liquidity. The firm has been hiring executives to lead the efforts, Coindesk reports.

Overseas,$4 despite EU sanctions because Moscow is sending more oil to Asia as China and India continue to snap up cheap barrels. Still, the EIA said in its monthly report Tuesday that an EU ban on seaborne imports means $4 by 2023.

The United Arab Emirates' energy minister said that $4, as China has yet to fully ease COVID restrictions, which means demand is still not at its highest point.

Oil jumped, with $4 up 1.28% to $120.95 a barrel. $4, the international benchmark, moved up 1.23% to $122.04 a barrel.

$4 edged higher 0.162% to $1,855.20 per ounce. The $4 rose 4 basis points to 3.01%.

$4 slipped 2.17% to $30.131.51.