Stocks Mixed; Oil Rises Most in Almost Three Weeks: Markets Wrap
- S&P 500 Total Return Index exceeds its February peak
- Treasury 10-year note yield rises to more than one-week high
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U.S. stocks were mostly mixed as investors sold some of the high-flyers that drove the latest rally that almost pushed U.S. equities back to record highs. Crude oil rallied and the dollar touched a one-week high.
The S&P 500 approached its all-time high reached prior to the coronavirus pandemic, while the tech heavy Nasdaq 100 lost 0.5%. The energy and industrial sectors led gains. Chipmakers led declines amid renewed tensions with China. Media shares dropped on speculation over the cancellation of college football.