Stocks Open Mixed as Rising Bond Yields Continue to Stymie the Market
Rising bond yields continued to stymie the stock market on Thursday after the U.S. House of Representatives narrowly passed President Donald Trump’s tax-and-spending bill.
The Dow Jones Industrial Average was down 112 points, or 0.3%. The S&P 500 was down 0.1%. The Nasdaq Composite was up 0.1%.
The yield on the 30-year Treasury note was up to 5.12% after spiking as high as 5.15% earlier in the morning.
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