Stocks end mixed after a day of wavering; bond yields fall
(AP) Major U.S. stock indexes ended another up-and-down day of trading more or less where they started out, although a small gain nudged the Dow Jones Industrial Average to another record high.
The S&P 500 ended down less than 0.1%, while the Nasdaq gave back 0.3%.
Treasury yields fell after a government report showed that inflation remained tame last month. That’s encouraging for investors because it suggests the U.S. economy will be able to receive more stimulus without overheating.
The yield on the 10-year Treasury note fell to 1.13% after being as high as 1.20% earlier this week.