Wall Street stocks mixed on higher Treasury yields, rate expectations

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Wall Street stocks were mixed on Tuesday as Treasury yields climbed. Federal Reserve Chair Jerome Powell said recent inflation data has not given policymakers enough confidence to ease credit soon. The Dow Jones Industrial Average rose 86.69 points, or 0.23%, to 37,821.80. The S&P 500 lost 3.82 points, or 0.08%, to 5,058.00. The Nasdaq Composite gained 2.13 points, or 0.01%, to 15,886.66. Shares of Morgan Stanley added 3.7% after its first-quarter profit beat estimates. Bank of America dropped 3.9% after the lender posted lower first-quarter profits. Johnson & Johnson slipped 1.6% as the drugmaker's revenue missed analysts' estimates. Tesla shed 2.7% after falling over 5% on news of layoffs. Declining issues outnumbered advancers on the NYSE and Nasdaq. The S&P 500 posted one new 52-week high and eight new lows while the Nasdaq recorded 27 new highs and 329 new lows.

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https://ca.news.yahoo.com/futures-ease-bond-yields-stay-101332322.html