Indexes mixed: Dow up 0.24%, S&P down 0.33%, Nasdaq down 1.20%

On April 5th, the S&P 500 and Nasdaq experienced declines amidst concerns that the Federal Reserve's rapid interest rate hikes could push the U.S. economy into a recession. Weaker-than-anticipated reports on the condition of U.S. service industries and the job market resulted in a drop in bond market yields. These developments, along with previously reported declining factory orders and subdued manufacturing activity, suggest that the economy is losing steam after the Federal Reserve's vigorous efforts to control inflation. The upcoming monthly non-farm payrolls report on Friday will be closely monitored for additional insights on the labor market.

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