Markets & Investing
Stocks Slip as Treasury Yields Climb; Bitcoin Drops 2%
The Dow, S&P 500 and Nasdaq all close lower Tuesday while gold and oil edge up.
By VICTORIA CHENStaff Correspondent · NEW YORK · Nov 10, 6:52 PM · 1 min. read
Wall Street ended Tuesday in the red as Treasury yields moved higher.
The S&P 500 closed at 7,520.93, down 0.38%. The Dow Jones Industrial Average slipped 0.30% to 52,231.89, and the tech-heavy Nasdaq Composite fell 0.74% to 25,065.88. Small caps lagged too, with the Russell 2000 down 0.68% at 2,821.38. The VIX, Wall Street's fear gauge, eased 2.3% to 19.46.
In the bond market, the 10-year Treasury yield rose to about 4.98% and the 30-year yield to 5.35%, adding pressure on borrowing costs for homes and businesses.
Commodities were steadier. U.S. crude oil gained 0.27% to $86.27 a barrel, and Brent rose to $91.82. Gold added 0.31% to $4,042.60 an ounce, and silver climbed to $51.56.
Crypto had a rough day. Bitcoin fell 2.06% to about $73,704, and Ethereum dropped 3.8% to $2,051.
At the pump, there was good news: the national average for gasoline fell below $4 a gallon for the first time since July.
Market figures are from the Liberty Bell Report markets board at Tuesday's close.
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