A currency trader passes by the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, July 23, 2024. – Shares were mixed Tuesday in Asia after U.S. stocks closed broadly higher, while Chinese shares saw their worst decline in six months.
But the recent moves so far have not boosted markets in a mood for more aggressive short-term action to rev up the slowing economy. On Monday, the S&P 500 rose 1.1% to 5,564.41, breaking a three-day losing streak. It was the first gain for the benchmark index since it set an all-time high on July 16. The yield on the 10-year Treasury rose to 4.26% from 4.24% late Friday. Shorter-term yields were relatively steady. The two-year yield was unchanged at 4.52%, where it was late Friday.
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