Moving opposite to prices, bond yields ticked higher as stock indices remained flat

Published: August 05 2022, 20:00 GMT+0

Moving opposite to prices, bond yields ticked higher as stock indices remained flat

With the trading session drawing to a close, markets are mixed with Nasdaq drawing back 0.53% to 12,653. Dow Jones goes up 0.19%, trading at 32,800. S&P 500 slipping 0.21% and closing at 4,143.38. European markets are down; EuroSTOXX is down by 0.78%, stumbles to 3,725.39. US markets were mixed as rising bond yields sparked inflation fears. The iShares U.S. Treasury Bond ETF declined 0.99% to trade at $24. Many companies in the S&P 500 reporting Q2 results have beaten Wall Street estimates, with Eli Lilly and Company & Alibaba featured this past week. It is the middle of earnings…

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