U.S. stocks opened Tuesday's session mostly higher as investors awaited the conclusion of a two-day meeting of the Federal Reserve amidst a backdrop of rising bond yields. The Dow Jones Industrial Average DJIA, -0.21% lost 22 points, 0.1%, to open near 32,932, while the S&P 500 SPX, +0.25% added 4 points or 0.1%, at about 3,973. The Nasdaq Composite index COMP, +0.
89% continued to make up ground from the correction it entered last week, opening near 13,525, a gain of 66 points or 0.5%. The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, 1.595% held at about 1.60% Tuesday morning, a few basis points lower than recent highs. Retail sales fell 3% in February, and industrial output was down 2.2%, pointing to a slowdown in economic activity before the federal government agreed on a new coronavirus aid package.
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“Mostly higher”...
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