Stocks on Wall Street began trading on Tuesday with a modest gain, a day after a rush of selling pushed the S&P 500 into a bear market, leaving the index more than 20 percent below its recent peak.
The index rose 0.3 percent in early trading, even as European markets reversed their own gains and sunk deeper into the red. Markets in the Asia-Pacific region had recovered from the worst of their declines Tuesday, but still ended lower.
Government bond yields — a measure of borrowing costs — pulled back slightly from their highs after spiking on Monday.
Still, global markets are on shaky ground as multi-decade highs in inflation, supply-chain shortages and geopolitical tensions weigh on the outlook for growth around the world.
In the United States, inflation is accelerating at its fastest pace since 1981, amplifying worries about the direction of the economy as surging prices squeeze household budgets and company profits. On Friday,…
