The Dow Jones Industrial is the main winner of Tuesday\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Dow Jones Industrial is the main winner of Tuesday\u2019s 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 …<\/p>\n","protected":false},"author":13,"featured_media":53211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7192,7113,6901,516,7442,7655,6862],"class_list":["post-55510","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-dow","tag-earnings","tag-nasdaq","tag-sp-500","tag-us-shares","tag-us-treasury-bond-yields","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55510"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55510\/revisions"}],"predecessor-version":[{"id":55514,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55510\/revisions\/55514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53211"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}