Watch: President Joe Biden gives remarks on the state of the US economy | USA TODAY

President Biden delivers remarks on the US economy amid growing fears of recession.

RELATED: Biden announces release of more oil to combat rising gas prices

Stocks on Wall Street lost ground again Thursday, though the major indexes remained on pace for a weekly gain after a strong two-day rally earlier this week. The S&P 500 fell 0.8%. Nearly three-fourths of the stocks in the benchmark index closed in the red, with retailers, banks and industrial companies among the biggest weights. The Dow Jones Industrial Average slipped 0.3% and the Nasdaq composite fell 0.6%. Small company stocks fell more than the broader market, pulling the Russell 2000 index 1.2% lower.

Treasury yields continued rising to multiyear highs, a trend that's helped push up rates on mortgages and other loans. The yield on the 10-year Treasury climbed to 4.23% from 4.14% late Wednesday and is at its highest level in 14 years. The yield on the two-year Treasury, which tends to track expectations for future Federal Reserve action, rose to 4.61% from 4.56%.

Corporate earnings remained a big focus for Wall Street all week as investors try to get a better picture of how companies are faring amid the hottest inflation in four decades and how they see the economy moving forward.

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    1. Turn the playback speed up to 1.25x he sounds sharper. Sometimes you have to go to 1.5x when he’s real sleepy

    2. @ShadowPhoenix yes. Those long pauses of uh, and he has to restart windows for his brain are gone. The white house press secretaries daily briefings are 45minutes of not answering questions. I’ve been listening to those these past few days. And idk if this is a positive, but if you put Biden and fetterman side by side. Biden would win every time. Especially sped up.

    1. @Tim Daugherty not surprised that’s the reply. When some people do not have an intelligent response, they usually fall back on insults. It’s totally fine. I expected that. Again, this is why the Republicans love their voters!

  1. How is the deficit down when just this year more money has been sent abroad than for the help for the needy right here

  2. At this point.. if the world would burn the 2 parties would then fight over the ashes instead of the survivors

  3. *I’m done sitting tight for the award advance since i acquire$23,000 every 12 days of my investment, in all you do put God first.❤*

    1. I have also been hearing a lot about his goodness and perfection in trading Cryptocurrencies with awesome trading

    2. This is really helpful for my situation I think for people to talk all this good about him he must be an expert,

  4. Мне одной кажется что у него вместо мозгов пустота

  5. Support, respect, and love for the US President Mr Biden ! From Europe, yes, and in my person, from Germany.

  6. the closing of companies the layoffs the highest unemployment rate in Chicago to Oakland to Detroit to Philadelphia the homelessness that doubled the crying of the hungry children for parents are receiving government support and food stamps the old generation who has lost 50% of their income with their social security checks 50% the working class and the middle class who became the homeless class the cries of the children in the African-American communities of hunger in the Latino communities in the ghettos of America well two trillion to three trillion dollars was given to corporate America

  7. Joe’s Policies are the reason everything is so expensive…
    Gas goes down a few cents, he’s the 1st to take credit 🤡

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