Stocks and bond yields fell Thursday, pressured by weak corporate earnings reports and economic data that reinforced investors' recession fears.
Major indexes dropped at the opening bell, recovered much of their losses shortly after midday and tumbled again in afternoon trading, snapping a two-day lull when New York-listed shares barely budged.
The $S&P 500 index(.SPX.US)$ declined 0.6%. The $Dow Jones Industrial Average(.DJI.US)$ shed 0.3%, and the $Nasdaq Composite Index(.IXIC.US)$ fell 0.8%. All three indexes are poised for modest weekly drops.
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