Wall Street trades mixed as tech weakness offsets Dow and S&P gains

Macro

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Summary · why it matters

Wall Street’s major averages traded mixed on Tuesday as global technology stock weakness weighed on sentiment ahead of a heavy week of tech earnings. The Dow rose 1.1%, the S&P 500 added 0.3%, while the Nasdaq Composite slipped 0.1%. Eight of the 11 S&P 500 sectors advanced, led by consumer staples, while information technology suffered the most. Treasury yields moved lower, with the 2-year yield down 5 basis points to 4.26%, the 10-year yield down 5 basis points to 4.89%, and the 30-year yield down 4 basis points to 5.09%. South Korea’s Kospi fell 10.8%, and investors looked ahead to earnings from Amazon, Meta Platforms, Apple, and Microsoft.