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April 6, 2021, 4:07 p.m. EDT

U.S. stock market books modest loss as 10-year Treasury note falls to around 1.65%

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By Mark DeCambre

U.S. stocks finished slightly lower Tuesday after the S&P 500 hit a record intraday high as investors weighed prospects for President Joe Biden's $2.3 trillion infrastructure plan and a brightening outlook for the U.S. and global economy. A sharp pullback in bond yields was notable with the 10-year Treasury note yielding around 1.65%. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.81% closed down 0.3% at about 33,430, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.96% ended 0.1% lower a about 4,073, a day after both indexes notched a record closing high. The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +1.30% ended the session at about 13,698, slipping less than 0.1%. Equity markets in April have been mostly buoyant amid optimism that government spending, vaccine rollouts and the relaxation of restrictions are unleashing a spell of swift economic growth. Worries about the strength of the rebound and a powerful surge in inflation has weighed on bullish investors. Investors on Wednesday will be on the look out for an account of the Fed's two-day policy meeting held last month, which could influence trading in the near term.

US : Dow Jones Global
+282.69 +0.81%
Volume: 166.79M
Jan. 20, 2022 1:13p
+43.47 +0.96%
Volume: 1.21B
Jan. 20, 2022 1:13p
US : Nasdaq
+186.01 +1.30%
Volume: 2.50M
Jan. 20, 2022 1:13p

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