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Michael Ashbaugh

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Feb. 25, 2021, 12:10 p.m. EST

Charting market cross currents: Late-month divergence persists

Focus: 10-year yield matches S&P 500’s dividend yield, Financials take flight, TNX, XLF, F, ETN, ZG, HD

By Michael Ashbaugh, MarketWatch

U.S. stocks are lower early Thursday, pressured as persistently surging U.S. Treasury yields present a market headwind.

Against this backdrop, the major U.S. benchmarks have largely weathered the recent market whipsaw, though amid increasingly uneven price action. The charts below add color:

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