"The U.S. stock market is holding relatively steady on Tuesday as both bond yields and bitcoin stabilize. The S&P 500 rose 0.1%, coming off its first loss in six days. The Dow Jones Industrial Average was up 115 points, or 0.2%, as of 1:02 p.m. Eastern time, and the Nasdaq composite was 0.5% higher. MongoDB helped lead the market and jumped 23.4% after the database company delivered stronger results for the latest quarter than analysts expected."
"The U.S. economy has been holding up overall, but that's masking sharp divisions beneath the surface. Lower-income households are struggling with inflation that's still higher than anyone would like. Richer households, meanwhile, are benefiting from a stock market that's within 1% of its all-time high set in late October. In the bond market, Treasury yields were calming following their jumps the day before. The 10-year yield was holding at 4.09%, where it was late Monday, while the two-year yield eased to 3.52% from 3.54."
U.S. stock indexes edged higher as Treasury yields and bitcoin stabilized, with the S&P 500, Dow and Nasdaq posting modest gains. MongoDB jumped 23.4% and United Natural Foods rose after stronger-than-expected quarterly results, while Signet Jewelers fell on a cautious holiday revenue forecast. Procter & Gamble warned of a volatile U.S. consumer landscape and its shares declined. The economy shows overall resilience but masks disparities between lower-income households facing persistent inflation and wealthier households benefiting from near-record stock levels. Treasury yields calmed, with the 10-year near 4.09% and the two-year easing, and bitcoin rebounded above $91,000.
Read at Fast Company
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