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Barchart
Barchart
Rich Asplund

Stocks Retreat as Bond Yields Spike Higher

The S&P 500 Index ($SPX) (SPY) Tuesday closed down -0.29%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.17%.

Stock indexes settled moderately lower on Tuesday as they consolidated the past week’s rally to record highs.  Higher bond yields Tuesday fueled some profit-taking pressures in stocks following five straight sessions of gains.  Also, long liquidation in stocks ahead of Wednesday's US consumer price report weighed on the overall market. 

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