U.S. stocks finished mixed on Tuesday with the S&P 500 posting its first back-to-back loss since early September as investors weighed rising Treasury yields amid concerns about an increase in deficit after the upcoming presidential election.
The Dow Jones Industrial Average was down 6.71 points, leaving it nearly flat, at 42,924.89. The blue-chip index fell for two consecutive sessions and logged its largest two-day decline since Sept. 6, according to Dow Jones Market Data.
The S&P 500 lost less than 0.1%, ending nearly flat, at 5,851.20.
The Nasdaq Composite rose 33.12 points, or 0.2%, to finish at 18,573.13. The tech-heavy index was up for five consecutive trading days — the longest winning streak since Sept. 13.
The yield on the 10-year Treasury advanced 2.5 basis points to 4.204%, while the 30-year rate rose less than 1 basis point to 4.493%. Both 10- and 30-year yields finished Tuesday’s session at their highest levels since July 25, according to Dow Jones Market Data.