Wall Street Indices Edge lower

The Dow Jones Industrial is the main winner of Tuesday’s US session. Higher US Treasury yields have impacted heavy-tech company earnings, spurring a selloff of tech stocks.

During the New York session, major US equity indices edged lower as Wall Street approaches the close. The S&P 500 loses 0.35%, sitting at 4,666.29, while the tech-heavy Nasdaq Composite follows the S&P 500 footsteps, sheds 1.39%, down to 15,634.65. The only winner of the session, the Dow Jones Industrial, climbs almost 0.21%, up to 35,693.55.

Sector-wise, the main winners are energy, financials, and real-estate, rising 3.06%, 1.24%, and 1.17%, each.

The main losers are consumer discretionary, technology, and communications, falling 1.47%, 0.97%, and 0.51%, respectively.

Meanwhile, the US bond market selloff continues; thus, Treasury yields keep rising after US President Joe Biden re-nominated Fed Chairman Jerome Powell to lead the Federal Reserve for the period ending in 2026.