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Indexes Give up Early Day Gains

T.CRON

U.S. stocks gave up gains in volatile trading on Tuesday as rising bond yields kept sentiment in check.

The Dow Jones Industrial Average came off morning highs, but stayed positive 40.57 points to pause for lunch at 31,498.97.

The S&P 500 lost 3.5 points to 3,931.33, led by declines in health-care and real estate.

The NASDAQ Composite let go of gains and plunged 64.25 points to 14,031.22. All three major averages hit record highs earlier in the day.

The Dow has gained about 5% in February, while the S&P 500 has grown 5.8%, while the NASDAQ has 7.4%. The S&P 500 has raked in 10 record closes in 2021.

Elsewhere, bitcoin crossed $50,000 for the first time ever Tuesday, continuing its dizzying rally as more companies warmed to the crypto space.

Prices for 10-Year Treasurys stumbled, sending yields higher to 1.28% from Friday's 1.21%. Treasury prices and yields move in opposite directions.

Oil prices gained 20 cents to $59.67 U.S. a barrel.

Gold prices dropped $29.20 to $1,794.



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