NEW YORK -Wall Street see-sawed to a mixed close on Tuesday as rising U.S. Treasury yields and elevated geopolitical worries counteracted a generally positive string of first-quarter corporate results.and the Nasdaq ended the session modestly lower, the blue-chip Dow was boosted into positive territory by UnitedHealth Group (NYSE:But stocks were held in check by benchmark Treasury yields climbing to fresh five-month highs due to dimming expectations of an interest rate cut from the U.S.
Tensions arising from the growing conflict in the Middle East were brought back to the boil after Israel vowed to respond to Iran's weekend attack despite international calls for restraint. With first-quarter earnings season underway, upbeat results from UnitedHealth as well as Morgan Stanley offset Bank of America's and Johnson & Johnson (NYSE:"I expect the market to begin to buy again, but in the near term geopolitical concerns are outweighing the strength of the U.S. economy," said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York."You need strong earnings to keep this rally moving."rose 63.66 points, or 0.17%, to 37,798.
The Japanese yen weakened 0.23% versus the greenback to 154.66 per dollar, while sterling was last trading at $1.2431, down 0.10% on the day.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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