US stocks closed Tuesday’s trading day mixed with the tech-heavy Nasdaq Composite (^IXIC) the only major index to close the day in positive territory while Treasury yields remained a focus for investors.
The Dow Jones Industrial Average (^DJI) was the day’s laggard, falling about 0.5%, or more than 170 points, while the benchmark S&P 500 (^GSPC) was off about 0.3%.
The 10-year Treasury yield stood near 4.33% at Tuesday’s, about 2 basis points off its highs of the day which were a 16-year high. Yields have garnered increased investor attention in recent weeks as both nominal and inflation-adjusted Treasury yields surge towards their highest levels since the financial crisis.
Notable movers on Tuesday included Dick’s Sporting Goods (DKS), which saw shares close down 24% following a disappointing quarter the company said was impacted by increased theft in its stores.
Macy’s (M) stock was also down 14% after the retailer reported increased discounts to clear bloated shelves during the quarter.
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