Stocks close mixed: Dow Jones snaps six-day losing streak

The Dow Jones Industrial Average (^DJI) manages to close out Tuesday's session higher, while the S&P 500 (^GSPC) and Nasdaq Composite ( ^IXIC) lag and see declines. This market close snaps the Dow Jones’ six-day losing streak.

Market Domination Overtime’s Julie Hyman looks back on the day's market action and 10-year Treasury yield gains (^TNX), while Senior Markets Reporter Jared Blikre checks out the winners and losers across sectors.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video Transcript

JULIE HYMAN: A little bit of a photo finish here for the major averages as we talked about earlier, the S&P and the NASDAQ, at least were bouncing between gains and losses. The Dow holding in the green here, up about 64 points here about call it a tenth of 1%. But the S&P 500 actually finishing in the red in the last few moments of the session down about a fifth of 1%. And the NASDAQ similarly finishing lower just in the last few moments off by a tenth of 1%. We continue to keep an eye on what's going on in the bond market here with yields pushing higher to 4.66% on the 10 year, even higher on the shorter end of the curve.

And so that's been something that a lot of market participants have been paying attention to. And one of the things that's been putting pressure on the market after we heard from Jay Powell today speaking in comments in a discussion in Canada. And talking about the need to wait for more data interest order to start to cut rates. So pushing back the perception of when those rates are going to begin. Jared's got a closer look at today's sector action and how all of that played out.

JARED BLIKRE: Thank you, Julie. A data dependent Fed, who would have thought. I'm looking at the 10 year and I'm going to get to some heat maps in a second. But I'm glad you pointed out that this is the highest level of the year. In the face of that, really interesting to see which sectors are doing well and which are not. Now tech, you would not think that's typically what you think of as a growth sector that was actually number one. Although just barely in the green 1/10 of a point percent there. Health care and staples also green.

So that's a defensive setup. Real estate and utilities, those two very interest rate sensitive sectors. Those took it on the nose, down over 1%. Usually tech is very interest rate sensitive. But I'm going to show you our semiconductors heatmap that is mainly green. Here is our software heatmap more green than red. Where we get to some red here is unprofitable tech. So this would be in the Ark innovation holdings their disruption trade. Just taking a look at our leaders, we do have semiconductors.

Just went over those one of the few bright spots today. We also see momentum software. I think we did this pretty well. Retail also in the green but just barely what did not work today? Solar, Ark components. So that would be what we just went over. Korean stocks also internet stocks over in China. So for the most part, somewhat of a risk off day though not in all sectors.