Asset Management

US stocks cling to small gains as 10-year yield hits 3%

The 3% level is seen as psychologically important and is likely to raise concerns

US stocks cling to small gains as 10-year yield hits 3%

US stocks rose on Tuesday, with the Dow poised to snap a four-day skid as strong corporate earnings supported sentiment, although rising bond yields caused investors to assess borrowing costs for US corporations, MarketWatchreports.

What are markets doing?
The Dow Jones Industrial Average rose 70 points, or 0.3%, to 24,518. The S&P 500 was up 8 points to 2,677, a gain of 0.3%. The Nasdaq Composite Index was up 24 points, or 0.4%, to 7,153.

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