Markets Rise Despite Another New 2-Year High For US 10-Year Treasury Note

BY Benzinga | TREASURY | 04/19/22 04:20 PM EDT

U.S. indices traded higher Tuesday on continued volatility as traders assess Fed policy outlook, rising Treasury yields and quarterly earnings reports. Investors continued to assess upcoming corporate earnings while Tuesday saw another new 2-year high of 2.930% for the 10-year note.

  • The Nasdaq composite finished higher by 2.15% to 13,619; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 2.24% to $346.26
  • The S&P 500 traded higher by 1.61% to 4,462; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) gained 1.61% to $445.04
  • The Dow Jones composite finished higher by 1.66% to 11,848; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 1.46% at $349.12

Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.

ABIOMED, Inc. (NASDAQ:ABMD), Generac Holdings Inc. (NYSE:GNRC) and Citizens Financial Group Inc (NYSE:CFG) were among the top gainers for the SPY.

DENTSPLY SIRONA Inc (NASDAQ:XRAY), Travelers Companies Inc (NYSE:TRV) and Twitter Inc (NYSE:TWTR) were among the top losers for the S&P 500.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.