Wall Street Ends Mixed, Treasury Yields Rise as Markets Mull Fed's Slowdown Signal

GLOBAL MARKET - NEW YORK. Wall Street stumbled to a close Thursday, ending nearly flat after an earlier rally ran out of steam late in the session as investors continued to parse the Federal Reserve's hawkish outlook.

Benchmark U.S. Treasury yields hit their highest level since May, crude prices dipped and gold advanced as investors grew accustomed to the reality that the central bank will take a slower, more measured approach to policy easing in the coming year.