U.S. stock markets ended Wednesday on a down note, unable to maintain the momentum from Tuesday’s rebound driven by dovish remarks from the Bank of Japan. The S&P 500 closed 0.8% lower, the Nasdaq dropped 1.2% and the Dow Jones declined by 234 points or 0.6%. Small-caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), were the hardest hit, down 1.4%, as investors continue to assess the U.S. economic outlook. What Drove Wednesday’s Wall Street Decline?Investors showed little interest in the 10-year U.S. bond auction, resulting in a yield of 3.9%, notably higher than the pre-auction estim…
