Stocks close mostly lower on reflation worries

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

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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