Market Snapshot: Stocks struggle to break three-day decline, but bond yields remain in focus [MarketWatch]
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Source: MarketWatch
Stocks struggle to break three-day decline, but bond yields remain in focus U.S. stocks were mixed in choppy trading, as investors continued to monitor bond yields and the implication that rising yields could have on equities. The Dow Jones Industrial Average DJIA, -0.04% fell 59 points, or 0.2%, to 26,428. The S&P 500 SPX, +0.14% rose 1.67 points, or less than 0.1%, to 2,886.10. The Nasdaq Composite Index COMP, +0.57% rose 0.4% to 7,768.94. All three initially traded in negative territory, and both the S&P and the Nasdaq are coming off three straight days of declines. For a third straight session, the S&P 500 dipped below its 50-day moving average, a closely watched gauge of short-term momentum. However, it subsequently rebounded above it, suggesting it could be serving as a support level. The benchmark index hasn’t closed below its average since July. The day’s gains were broad based, with eight of the 11 primary S&P 500 sectors in positive territory. Among the biggest gain
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