The United States (US) stock market is in mixed condition as companies such as Verizon, 3M, and General Motors prepare to present their earnings reports.
There were some notable gains in share prices with Nike seeing a 0.5% increase after renewing its partnerships with the NBA and WNBA, while Zions Bancorporation jumped 3% on strong earnings results.
On Monday, the main Dow Jones index and the S&P 500 saw small declines of 0.8% and 0.18% respectively, indicating a retreat from record highs already reached.
However, the Nasdaq gained 0.27%, driven by a strong performance from technology firms such as Nvidia.
The overall market was weighed down by rising US treasury yields, with the 10-year yield hitting 4.2% amid continued concerns about inflation and economic resilience.
The balance between corporate earnings, technology gains and pressure from the bond market creates a dynamic environment, reflecting the current economic uncertainty.
These factors make investors wary of how company results and broader economic indicators affect stock movements in the coming weeks.
