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U.S. Stocks Open Higher as Bond Yields Rise, Earnings Roll In

Published 04/19/2022, 09:54 AM
Updated 04/19/2022, 10:11 AM
© Reuters.

By Liz Moyer

Investing.com -- Stocks rose in early trading on Tuesday, undeterred by rising bond yields as corporate earnings continued to roll in.

At 9:55 AM ET, the Dow Jones Industrial Average was up 269 points, or 0.8%, while the S&P 500 was up 0.7%, and the NASDAQ Composite was up 0.6%.

The benchmark 10-year Treasury rose to 2.9%, a level not seen in four years. Rising bond yields have weighed on tech stocks in recent days as the Federal Reserve comes closer to raising interest rates again next month. Many expect the central bank to announce a half-point increase, which is more than its customary quarter-point move.

Lockheed Martin Corporation (NYSE:LMT) and Johnson & Johnson (NYSE:JNJ) both beat expectations for earnings in the recent quarter, though they both fell short on revenue expectations. Netflix, Inc. (NASDAQ:NFLX) is expected to report earnings after the closing bell this afternoon.

Crude oil prices fell as Russia's war with Ukraine continued. The price of WTI, the U.S. benchmark, fell 3.7%, to $103.66, and the price of Brent Oil Futures, the international standard, fell 3.5% to $109.22.

Gold Futures fell 0.9% to $1967/oz.

Latest comments

“As bond yields rise” ( they forgot to mention Short term bonds the Fed is furiously buying are trending down ) … meaning printing credits to pump market and desperately trying to keep short term lending cheap !! Watch the US 1 month yield re-ignite tonight ( as soon as Fed stops buying)
Stop trying to justify this positive article.and the assumption that this is all over...its not over until the hedge funds have turned positive....you buy today you will get scalped.face.ripped.be my guest....hedge fund.daddies need to pay their mansion mortgage, fancy cars, and gfs rent.
None of the correlations stated in this article makes sense...
"as Bond Yields rise" means at the same time as Bond Yields rise. I see everyone needs to go back to school on this page.
wow so clever. where were you mr genius? we were finding since BC. shutup very advance...
Short term bonds, at this time, are falling as Fed ( the only real buyer ) buys them to keep short term lending cheap … not all bond yields rising. fed playing whack-a-mole bonds!!
any way all these decrease interested to read or make comments. genuinely.
this headline will change in next 2. to 3 hrs
It's no surprise. Stocks are getting back to where they should be. There is a lot of pent up demand in the economy and  higher rates only go so far. People will still spend. Its human nature. This rally is no surprise. The fed rates are known and appetite is undeterred.
Definitely looking forward to justifications of this rally
it means that stocks are viewed as safe haven with this massive inflation
Lol!! Nah , short term bonds are actually falling as fed buys them to print to support stocks . This cycle will continue , but long term bonds will surge upward as time goes on . At some point short term will get away from the Fed and all will collapse
Bond yields rising now results in stocks rise???
yes .. why is that??
i remember last month,every downfall was titled yield rising
exactly....every major downfall for the past 2 years, regardless of earnings, has been due to rising yields. But ok.
please change operators. we feedup from cheep level headlines. please upgrade. management where are you?
Agreed and poor mix up between crude, T and AT&T. Is it all written by bots?
Another criminally manufactured, unjustified "rally" underway.  Will all of the "gains" vanish "in late trade" in the same way losses do?  Fraudulent JOKE.
what kind of headlines is this..it means the higher the yields the higher the mkt
Not quite how it works 😀
Investing's headlines always make my eyes shining with joy
Of course stocks are undeterred from higher yields.  The Fed is manipulating the markets by having its proxies bid up the price in futures.  The algos are pretty apparent. We no longer have free markets.
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