Stocks close flat, Goldman Sachs leads banks higher
Stocks closed along the flatline on Tuesday as traders weighed higher rates, possible stimulus and political turmoil.
The Dow Jones Industrial Average rose 60 points, or 0.2%, to 31,068.69. The Nasdaq Composite ended the day up 0.3% at 13,0720.43. The S&P 500 rose marginally to 3,801.19. Losses from major tech companies kept Tuesday’s moves in check.
Shares of Goldman Sachs rose 2.9% to lead the Dow higher. JPMorgan Chase and Bank of America were up 1.6% and 1.8%, respectively. Charles Schwab gained 1.6% and hit an all-time high.
The benchmark 10-year note yield briefly traded at 1.187%, its highest level since March, before easing back to 1.13%. The 30-year bond rate climbed to 1.88%, and also reached a March 2020 high.
Reference: CNBC
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