A stock rally driven by dip buyers waned as Tesla Inc. weighed heavily on the market, with traders also assessing the latest economic readings against prospects for rate hikes.
The technology-heavy Nasdaq 100 was little changed, while the S&P 500 traded well below session highs amid strong trading volume. Elon Musk’s electric-car company tumbled more than 8% amid cautious comments on supply-chain troubles. Apple Inc. remained higher ahead of its earnings report. The dollar gained for a fourth straight day, while the two-year Treasury yield -- which is more sensitive to near-term policy moves -- climbed.
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January 27, 2022 at 05:32AM
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Stock Market Today: Dow, S&P Live Updates for Jan. 27, 2022 - Bloomberg
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