The United States (US) equity trading session was turbulent as the market's cautious sentiment against the expectation of an interest rate hike by the Federal Reserve (Fed) clouded investors ahead of technology company earnings reports.
In addition, US Treasury Secretary Janet Yellen's speech that did not rule out the possibility of a recession behind weak US economic growth added to market concerns.
In general, there are strong reports that the Federal Reserve (Fed) will implement a rate increase of 75 basis points on Thursday.
It is understood that investors are currently preparing themselves for reports from technology companies including Apple, Microsoft and Amazon.com as well as consumer price index (GDP) data for the 2nd quarter.
The streak, the Dow Jones average rose 0.28% at 31,990.04, the S&P 500 reached 0.13% at 3,966.84 but the Nasdaq Composite fell 0.43% at 11,782.67.
According to Michael O'Rourke from JonesTrading, investors displayed a holding pattern in anticipation of the release of this week's data while some also switched to risk-off.
Turning to European equities, the STOXX 600 rose 0.13% even as sentiment readings in Germany showed a negative business mood while MSCI's gauge of global shares reached 0.01%.
Currency trends saw the dollar index fall 0.253% while the Euro gained 0.13% at $1.0223 while the Japanese Yen weakened 0.45% at $136.66.
Meanwhile, the benchmark 10-year note fell 8/32 in price to yield 2.8105 while the 2-year note slipped 2/32 to yield 3.0266%.
The 2 and 10 year Treasury notes saw inversions for over 3 weeks and last at -21.5 basis points hinting at a possible recession.
David Petrosinilli of InspereX explained, it was the first yield curve inversion since 2006.
As for commodities, oil prices rebounded as they were driven by weakness in the dollar as investors weighed supply concerns and reduced demand.
US crude was up 2.11% at $96.70 and Brent crude added 1.9% at $105.15 while spot gold was down 0.5% at $1,718.69.
