U.S. stocks traded tentatively higher early Wednesday as investors wrestled with rising rates, with bond yields holding at multiyear peaks after surging on Tuesday on brisker-than-expected retails sales and manufacturing. The Dow Jones Industrial Average

DJIA, +0.02%

was trading up 20 points, up less than 0.1%, at 24,727 after halting an eight session rally Tuesday as investors were spooked by the climb in the 10-year Treasury note

TMUBMUSD10Y, +0.42%

to the highest level since 2011 above 3%. On Wednesday, rates mostly held their ground as investors digested the recent moves in government paper. The S&P 500 index

SPX, +0.16%

advanced slightly, picking up 0.1% at 2,717, while the Nasdaq Composite Index

COMP, +0.34%

rose about 0.2% to 7,368.

Read the full story:
Stocks stage tentative rebound as traders try to shake off rising yields, geopolitics

Let’s block ads! (Why?)



Source link