All three major indexes closed lower Thursday as the 10-year Treasury yield hit its highest level since 2008. Stocks struggled for direction Thursday as investors digested some good-news-is-bad-news economic data and the latest batch of earnings reports. The bulk of the day's price action was to the downside, though, with tech stocks seeing outsized losses as Treasury yields spiked to levels not seen since the Great Financial Crisis. On the economic front, the Philadelphia Fed manufacturing inde
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The major market indexes failed to make big moves despite a solid start to second-quarter earnings season. Stocks made modest moves Friday as Wall Street weighed the start of second-quarter earnings season. Higher-than-expected profits for JPMorgan Chase (JPM) and Wells Fargo (WFC) failed to catapult the financial stocks higher, though the same can't be said for insurance giant UnitedHealth Group (UNH), which rallied hard in the wake of its results. Taking a closer look at some of the numbers, J