![US Stocks Mixed as Nasdaq Rises, Treasury Yields Remain in Focus US Stocks Mixed as Nasdaq Rises, Treasury Yields Remain in Focus](https://www.claytoncountyregister.com/wp-content/uploads/2023/07/mfrack_realistic_photo_of_nasdaq_stock_exchange_422e4f30-082e-4141-8e19-e7dd834170fc.jpeg)
In midday trading on Tuesday, US stocks showed mixed performance, with the Nasdaq Composite being the only major average in positive territory. The Dow Jones Industrial Average was the laggard of the day, experiencing a decline of about 0.4%, while the benchmark S&P 500 was down by approximately 0.2%.
One of the key concerns for investors remained Treasury yields, which have been garnering increased attention in recent weeks. The 10-year Treasury yield hovered around 4.32% early in the afternoon, slightly off its highs of the day, but still at a 16-year high. Both nominal and inflation-adjusted Treasury yields have been surging towards their highest levels since the financial crisis, a trend that has caught the market’s eye.
Several notable movers in the market on Tuesday included Dick’s Sporting Goods (DKS), whose shares fell as much as 24% after a disappointing quarter that was partly attributed to increased theft in their stores. Macy’s (M) also experienced a significant decline of over 13% as the retailer reported the need for increased discounts to clear excess inventory during the quarter.
While these were specific factors impacting individual companies, investors continue to closely monitor broader market developments and indicators. The market’s mixed performance highlights ongoing uncertainties and the importance of staying informed about the latest stock market news and conducting in-depth analysis.
Sources:
– Yahoo Finance: [Article Link] (not including URLs as per the instructions)
– Definition of Treasury yields: The interest rates on debt securities issued by the US Department of the Treasury.
– Definition of nominal yields: The stated or actual interest rate on a fixed-income security.
– Definition of inflation-adjusted yields: The interest rate on a fixed-income security that has been adjusted to reflect changes in purchasing power due to inflation.