US equities hardly moved while Treasury rates declined.
Wednesday saw little change on Wall Street as investors focused on impending corporate results and declining Treasury rates.
At 34,112.80, the Dow Jones Industrial Average finished with a 0.1 percent decrease.
The tech-heavy Nasdaq Composite Index increased by 0.1 percent to 13,650.41, while the broad-based S&P 500 increased by 0.1 percent to 4,382.80.
According to a briefing.com report, there is a “growing sense that the market is due for a pullback after multi-session winning streak,” and traders are also keeping an eye on Treasuries’ price movement.
On Wednesday afternoon, the yield on the 10-year Treasury note fell to 4.5 percent while the yield on the two-year note increased to 4.9 percent.
As an interest rate benchmark, the yields on Treasury notes are regularly monitored.
“Last week, the market saw a notable uptick. We were absolutely lacking in fresh triggers to extend that rise or partially reverse it this week, said to Art Hogan of B Riley Wealth Management.
Although declining yields and falling energy costs are both encouraging signs, he said, neither was strong enough to cause a major shift in the markets.
Ahead of time, investors will be watching Disney’s earnings reports following the bell and important consumer inflation data early in the next week.
