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U.S. Stocks Mixed as Treasuries Slip, Oil Gains: Markets Wrap

  • Trade pressures ease as political tensions remain on agenda
  • Rate-sensitive shares lead declines; energy producers rise
Bloomberg business news

Morgan Stanley Sees 'Rolling Tops' in Credit, Yields, and Stocks

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U.S. stocks ended the day little changed in light trading, while the 10-year Treasury yield topped 3 percent as investors assess the outlook for trade relations and tensions in the Middle East. Crude oil rose.

The S&P 500 Index eked out a small gain on volume 17 percent below the 30-day average. Technology indexes remained higher, boosted by President Donald Trump’s easing of tension in a trade spat with China. Oil pushed higher as the Gaza Strip erupted over the U.S.’s moving of its embassy to Jerusalem. Rate-sensitive shares slumped as Treasury yields popped above 3 percent. The dollar advanced versus a basket of major peers.