How major US stock indexes fared Wednesday 4/5/2023

Stocks closed lower on Wall Street Wednesday and Treasury yields fell following the latest signals that the U.S. economy is slowing. The S&P 500 slid 0.2% and the Nasdaq lost 1.1%. Reports on both services industries and the jobs market came in weaker than expected. They add to a series of disappointing economic reports this week. Johnson & Johnson scored its biggest gain in over a year after proposing a big settlement related to its baby powder containing talc. The yield on the 10-year Treasury fell as investors bet on a pause in Fed rate hikes.