NEW YORK, July 25 - World stock indexes were mixed on Thursday, with the S&P 500 higher after the previous day's selloff, while Treasury yields fell as a solid reading on U.S. economic growth failed to alter expectations for an interest rate cut from the Federal Reserve.
"We're setting up for a Goldilocks-type situation where we feared that the housing sector is really rolling over and that might cause GDP to go to at least zero, but that doesn't seem like it's going to happen and then the Fed will finally cut, late, but still cut," said Jay Hatfield, CEO at Infrastructure Capital Advisors in New York.
Stocks fell sharply during Wednesday's session after lackluster quarterly reports from Alphabet , and Tesla. The yield on the benchmark U.S. 10-year Treasury note fell 6.5 basis points, on pace for its biggest daily drop in two weeks, to 4.221%.
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