US stocks mixed, bond yields rise

US stocks were mixed in afternoon trading as investors continue to position for a more hawkish approach to monetary policy in 2022 at the Federal Reserve.

The local currency was 0.3 per cent higher; the Bloomberg dollar spot index slid 0.5 per cent. Bitcoin was trading near $US41,800. After tumbling for most of the week, megatechs were posting modest gains and losses: Apple up 0.2 per cent, Meta up 0.5 per cent, Microsoft up 0.2 per cent; with Amazon down 0.3 per cent, Alphabet down 0.1 per cent and Netflix down 2 per cent.ASX futures down 7 points or 0.1 per cent to 7342 near 5.30am AEDTOn Wall St: Dow +0.3% SIn Europe: Stoxx 50 -0.4% FTSE +0.5% CAC -0.4% DAX -0.7%US oil -1% to $US78.

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