U.S. stocks finished mixed on Tuesday, with the S&P 500 posting its first back-to-back losses since early September, as investors weighed rising Treasury yields amid concerns about a soaring U.S. deficit after the upcoming presidential election.
The Dow Jones Industrial Average was down 6.71 points, leaving it nearly flat at 42,924.89. The blue-chip index fell for two consecutive sessions and logged its largest two-day decline since Sept. 6, according to Dow Jones Market Data.
The S&P 500 lost less than 0.1%, ending nearly flat at 5,851.20.
The Nasdaq Composite rose 33.12 points, or 0.2%, to finish at 18,573.13. The tech-heavy index has gained for five consecutive trading days, its longest winning streak since Sept. 13.
The yield on the 10-year Treasury advanced 2.5 basis points to 4.204%, while the 30-year Treasury rate rose less than 1 basis point to 4.493%. Both the 10- and 30-year yields finished Tuesday’s session at their highest levels since July 25, according to Dow Jones Market Data.