NEW YORK: US stocks halted a two-day sell-off that took major indexes to multimonth lows, with groups battered by the trade tensions leading the rebound. Treasury yields steadied near their lowest since 2017.The S&P 500 pushed back toward the 2,800 level after closing below it for the first time since March. Chipmakers and industrial shares paced the gain.A fresh batch of economic data suggested the expansion was on firm footing before the Trump administration escalated the trade war earlier in May.U.S. equities have plunged 5% in the month. "What’s going on in Treasury markets is ultimately a repricing of growth expectations,” John Bilton, head of global multi-asset strategy at JPMorgan Asset Management, said on Bloomberg TV.

Source: The Star May 30, 2019 13:30 UTC