Home Trading ETFsStock Market Higher Rates, Tech Weakness Limit Wall Street Gains By Investing.com

Higher Rates, Tech Weakness Limit Wall Street Gains By Investing.com

by Investing.com
© Reuters.

Investing.com – Stocks struggled for most of the day until a late round of buying offset rising interest rates and weakness in big tech stocks.

The turned a small loss into a 1-point gain, or 0.03%. The rose 0.3% or 74 points.

Meanwhile, the fell 0.04%. The index, however, dropped 0.23% in part because of Apple’s announcement of pricing for its new TV streaming and game services. Netflix (NASDAQ:), Amazon.com (NASDAQ:), Roku (NASDAQ:), and Walt Disney (NYSE:) were all lower. Apple (NASDAQ:) moved up about 1.2%.

Interest rates moved higher, with the yield reaching 1.718%, up from Monday’s 1.622%. The yield ended at 1.682%, up from 1.575% on Monday.

Oil prices dropped after President Donald Trump said he’d fired John Bolton as National Security Advisor. (Bolton, known for favoring direct intervention in Iran and other hot spots, insisted he quit.)

crude was down 45 cents to $57.40 a barrel after four-straight days of gains. crude, the global benchmark, was off 21 cents to $62.38.

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