Stock market fights to bounce back after rising rates rattle Wall Street

Stock SectorMay 16, 20182min2

U.S. stocks traded tentatively higher early Wednesday as investors wrestled with rising rates, with bond yields holding at multiyear peaks after surging on Tuesday on brisker-than-expected retails sales and manufacturing. The Dow Jones Industrial Average

DJIA, -0.08%

was trading up 20 points, up less than 0.1%, at 24,727 after halting an eight session rally Tuesday as investors were spooked by the climb in the 10-year Treasury note

TMUBMUSD10Y, +0.30%

to the highest level since 2011 above 3%. On Wednesday, rates mostly held their ground as investors digested the recent moves in government paper. The S&P 500 index

SPX, +0.11%

advanced slightly, picking up 0.1% at 2,717, while the Nasdaq Composite Index

COMP, +0.28%

rose about 0.2% to 7,368.

Read the full story:
Stocks stage tentative rebound as traders try to shake off rising yields, geopolitics

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