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US stocks mixed midday amid higher yields, poor retail earnings

US stocks mixed midday amid higher yields, poor retail earnings

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12:10pm: US equities mixed as yields rise  US stocks were mixed amid higher yields and some poor retail earnings The recent rise in yields started when President Joe Biden’s renomination of Jerome Powell as chairman of the Federal Reserve on Monday. The 10-year Treasury yield stood at 1.65% Wednesday, up from 1.55% on Friday.

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