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Barchart
Rich Asplund

Stocks Mixed on Rising Bond Yields

Elon Musk United States US Federal Reserve Blackstone Citigroup Ducommun KeyBanc Capital Markets Paramount Global the Wall Street Journal

The S&P 500 Index ($SPX) (SPY) this morning is up +0.04%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.05%. 

Stock indexes this morning are mixed.  Some positive corporate news is boosting the overall market.  Tesla is up more than +4% after CEO Musk said the company will unveil its robotaxis on Aug 8. Also, Ducommun is up more than +17% after confirming the board of directors received an unsolicited non-binding indication from Albion River to buy all outstanding shares for $60 per share in cash.  In addition, property stocks and real estate investment trust stocks are climbing today after the Wall Street Journal reported that Blackstone acquired AIR Communities for $10 billion or $39.12 per share. 

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