Stocks Waver as Bonds Extend Fed-Driven Selloff

US stocks wavered in early trading as investors digested the possibility of more aggressive monetary tightening by the Federal Reserve and monitored the war in Ukraine.

The S&P 500 ticked down 0.1% Thursday, a day after the benchmark gauge fell 1%. The selloff Wednesday followed the release of minutes from the Fed that showed central bankers considered raising rates by a half-percentage point at their March meeting, higher than the quarter-point increase with which they proceeded.