U.S. stocks edge higher Tuesday as Treasury yields paused near 16-year highs.
U.S. stocks were slightly higher Tuesday for a second day as Treasury yields slipped from near 16-year highs.
What’s driving markets A pause in the rise of bond yields was helping underpin sentiment in stocks helped by a rise in technology stocks ahead of Nvidia’s NVDA, -0.77% earnings report due on Wednesday with the chipmaker seen as a bellwether on the AI software boom. But with 10-year Treasury yields BX:TMUBMUSD10Y steady — for now — stocks were pushing to the upside.
But Ozkardeskaya warned: “Nvidia had better meet its $11bn sales forecast for last quarter, otherwise, there is a chance that we will see a sizable downside correction.”
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