U.S. stocks end mixed a day after Dow entered a bear market

U.S. stock indices had a mixed day of trading on Wall Street on Tuesday as markets stumbled under the weight of concerns about a potential recession.

The erratic trading comes a day after a massive sell-off put the Dow Jones industrial average and other significant U.S. indexes into a bear market.

The Standard & Poor's 500 fell 0.2%, marking its sixth straight loss. Prior to a pullback in the middle of the day on Tuesday, the benchmark index had been up 1.7%.

Major indices are still in a protracted downturn. Stocks are on track for another negative month as September draws to a close due to market concerns that the higher interest rates being used to combat inflation may cause the economy to enter a recession.

To 3,647.29, the S&P 500 dropped 7.75 points. To 29,134.99, the Dow fell 125.82 points. To 10,829.50, the Nasdaq increased by 26.58 points.

The S&P 500 is currently down around 8% for the month of September, and it has been in a bear market since June, when it had dropped more than 20% from its Jan. 4 all-time high.

In a particularly aggressive move, the Federal Reserve this week increased its benchmark rate, which has an impact on many consumer and commercial loans. It currently ranges from 3% to 3.25%.

The Fed also made a prediction that its benchmark rate may rise to 4.4% by year's end, which would be a full percentage point more than what it had anticipated in June.

Gains elsewhere in the market were balanced by losses in stocks of utilities, communications businesses, and manufacturers of household products. Disney lost 2.3%, Edison International lost 2.9%, and Procter & Gamble dropped 2.7%.

Stocks of small companies fared better than the overall market. To close at 1,662.51, the Russell 2000 gained 6.63 points, or 0.4%.

On Thursday, the government will publish an updated report on the second-quarter gross domestic product along with its weekly report on unemployment benefits.

5 high school football players shot, 1 dead in Philly

Click Here