Asia Markets Mixed, Europe Slips, Oil Falls On Inventory Surge, Dollar Gains To 3-Month High - Global Markets Today While US Slept

On Tuesday, October 22nd, U.S. markets closed mixed as investors focused on rising Treasury yields and anticipated upcoming earnings reports to gauge the health of American companies.

The Nasdaq eked out a modest gain, while the Dow and S&P 500 saw slight declines. Treasury yields, particularly the 10-year note, reached 4.222%, their highest since July, as markets reassessed the Federal Reserve’s policy path.

According to the economic data, the composite manufacturing index for the U.S. Fifth District was reported at -14 in October, an improvement from the previous month’s reading of -21.

Most S&P 500 sectors ended lower, with industrials, materials, and utilities suffering the biggest losses and consumer staples and communication services gaining.

The Dow Jones Industrial Average dipped 0.02% to close at 42,924.89, the S&P 500 slipped 0.05% to 5,851.20, ...