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Stock Market Today: S&P 500 rally stalls as Treasury yields continue march

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Stock Market Today: S&P 500 rally stalls as Treasury yields continue march

Investing.com-- The S&P 500 closed flat Wednesday, as the recent rally stalled in the wake of rising Treasury yields, while a mixed bag of corporate earnings weighed on investor sentiment.) stock fell more than 5% after the ride-hailing firm posted a surprise quarterly loss as gross bookings of $37.7 billion in the quarter fell short of estimates or $37.93B.

The notes were awarded at 4.483%, just below the pre-sale, or when-issue, rate of 4.473%, signaling meagre investor appetite for the belly of the yield curve, which typically reflects rates maturing between ten and two years.

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