U.S. stocks mostly higher after rise in Treasury yields stalls

U.S. stocks were slightly higher Tuesday for a second day as Treasury yields slipped from near 16-year highs.

What’s driving markets A pause in the rise of bond yields was helping underpin sentiment in stocks helped by a rise in technology stocks ahead of Nvidia’s NVDA, -0.77% earnings report due on Wednesday with the chipmaker seen as a bellwether on the AI software boom. But with 10-year Treasury yields BX:TMUBMUSD10Y steady — for now — stocks were pushing to the upside.

But Ozkardeskaya warned: “Nvidia had better meet its $11bn sales forecast for last quarter, otherwise, there is a chance that we will see a sizable downside correction.”

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe stocks head for higher open; 10-year Treasury yield hits 16-year highEuropean stock markets are heading for a higher open Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Europe stocks open higher; 10-year Treasury yield hits 16-year highEuropean stock markets opened higher Tuesday after posting cautious gains to start the week.
Source: CNBC - 🏆 12. / 72 Read more »