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VOL. 45 | NO. 2 | Friday, January 8, 2021
Wall Street drifts higher; Treasury yields slow their rise
The Associated Press
Stocks closed mixed on Wall Street after major indexes spent the day drifting up and down, not far off the record highs they reached last week.
The S&P 500 edged 0.2% higher thanks in large part to gains from several Big Tech companies including Apple and Amazon, even though most stocks in the index fell.
Small-company stocks edged lower after posting big gains in the first week of the year.
Treasury yields stalled following a rapid rise over the past few weeks.
The benchmark 10-year yield dipped as concerns calmed that the Federal Reserve may curtail its purchases of Treasurys.