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Reuters market wrap says U.S. indexes were mixed, with the Nasdaq down about 0.9% and the S&P 500’s communication services sector weakest. It also noted the U.S. 10-year Treasury yield rose to about 5.26%, while Bitcoin fell more than 1% and gold slid about 4%.
Asian markets advanced on Tuesday, led by technology stocks, as lower oil prices boosted sentiment and investors anticipated positive outcomes from US-Iran talks. The dollar held firm against the yen on expectations of further interest rate hikes.
U.S. 10-year Treasury yields stayed near the 5% level amid a global bond selloff, with oil-price-driven inflation fears and rising rate-hike odds.