NEW YORK/LONDON, Jan 7 - Global stocks lost ground while U.S. Treasury yields edged higher on Tuesday after data showed the American economy remained resilient.
On Wall Street, all three main indexes were trading lower, with consumer discretionary, technology and communication services stocks among the biggest losers. Energy, healthcare and materials stocks were advancing. The Dow Jones Industrial Average , fell 0.10%, to 42,663.38, the S&P 500 , fell 0.74% to 5,931.30 and the Nasdaq Composite , fell 1.50%, to 19,566.71.
"The 10-year continues to inch higher and the equity market hasn't picked up on the fact that bond yields are rising, and rising long-term yields is not good for equities," Latif added. Oil prices gained, driven by concerns over tighter supply from Russia and Iran because of Western sanctions and expected higher Chinese demand.
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