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However, recession fears have many wondering whether a return-to-office crackdown might be around the corner.

Decentralized-finance protocols, especially cross-chain bridges used to transfer tokens across blockchains, have emerged as one of crypto's weakest links after several large hacks this year.

Still, manufacturing has moderated and risks further loss of momentum as businesses contend with an inventory overhang and an easing in domestic demand for goods.

For many businesses, costs are rising even faster than revenue, which is cutting into their profitability.

President Joe Biden has pointed to declining gas prices as a sign that his policies are helping lessen the higher costs that have hurt household finances.

Yields on corporate bonds have edged steadily higher over Treasuries during the waves of selling that raced through fixed-income markets this year.