U.S. stocks gained on Tuesday, with financials snapping a five-day losing streak...
NEW YORK - U.S. stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15-month lows.
Benchmark 10-year note yields were steady on the day but above the level reached Monday, which was the lowest since December 2017. If it persists, the yield curve inversion is seen as an indicator that a recession is likely in one to two years. Apple Inc shares ended down 1 percent, reversing early gains, after a U.S. trade judge recommended Qualcomm Inc win a sales ban on some Apple iPhone models containing chips made by Intel Corp in one of two patent disputes.
Advancing issues outnumbered declining ones on the NYSE by a 2.78-to-1 ratio; on Nasdaq, a 2.05-to-1 ratio favored advancers.
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