US stocks mixed, Treasury yields dip ahead of Fed; crypto climbs

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NEW YORK, May 21 - Wall Street stocks were mixed and U.S. Treasury yields dipped on Tuesday amid the doldrums ahead of a holiday weekend and a lack of market catalysts to fuel conviction one way or the other.

"We are in a void of major macroeconomic data points," said Bill Northey, senior investment director at U.S. Bank Wealth Management in Billings, Montana."Nvidia as the third-largest company in the yet to report, and expectations are very high for the conclusion of first quarter earnings season." Minutes from the Federal Open Markets Committee's most recent monetary policy are due to be released on Wednesday, and they will be parsed for clues regarding timing and extent of policy easing this year.

The Dow Jones Industrial Average , opens new tab rose 39.89 points, or 0.1%, to 39,846.66, the S&P 500 , opens new tab gained 4.29 points, or 0.08%, to 5,312.42 and the Nasdaq Composite , opens new tab dropped 3.22 points, or 0.02%, to 16,791.65. Emerging market stocks lost 0.74%. MSCI's broadest index of Asia-Pacific shares outside Japan , opens new tab closed 0.88% lower, while Japan's Nikkei , opens new tab lost 0.31%.

 

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