Stocks close mostly lower on reflation worries

Indonesia Berita Berita

Stocks close mostly lower on reflation worries
Indonesia Berita Terbaru,Indonesia Berita utama

U.S. stocks closed mostly lower Tuesday as investors grappled with surging bond yields and energy prices.

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The Dow Jones Industrial Average DJIA, +0.20% added 62 points, 0.2%, to close near 31,520. The S&P 500 SPX, -0.06% closed down 2 points, 0.1%, near 3,932. The tech-heavy Nasdaq Composite COMP, -0.34% lost 48 points, 0.3%, to end the session near 14,048.

Most signs point to a growing economy, which is good for corporations and stocks, but the tech sector is considered more sensitive to higher interest rates. Still, most analysts expect stocks to remain in a bull market, except for some occasional turbulence.

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