US stocks slip in mixed trading as rate pressure ratchets up – News 24-7 Live News 24-7 Live
US stocks slip in mixed trading as rate pressure ratchets up

US stocks slip in mixed trading as rate pressure ratchets up

The S&P 500 was down 0.3%, a day after slipping from its record high, even though nearly as many stocks in the index were rising as falling. The Dow Jones Industrial Average slipped 87 points from its all-time high set a day before, or 0.3%, to 33,080, as of 11:30 a.m. Eastern time.

The S&P 500 was down 0.3%, a day after slipping from its record high, even though nearly as many stocks in the index were rising as falling. The Dow Jones Industrial Average slipped 87 points from its all-time high set a day before, or 0.3%, to 33,080, as of 11:30 a.m. Eastern time. The Nasdaq composite fell 0.2%.

The spotlight was again on the bond market, where the yield on the 10-year Treasury rose to 1.74% from 1.72% late Monday. It has jumped from roughly 0.90% at the start of the year with rising expectations for coming economic growth and possibly inflation.

News Source : Hindustan times

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