Stocks are moving in mixed trading Monday amid concerns
about interest rates and inflation keeps Wall Street under restraint despite
some better-than-expected profit reports.

The S&P 500 was 0.15% higher, coming out of its
second straight week of losses. The Dow Jones Industrial Average was up 37 points or
0.11% at 34,488.43, as of 10:56 am Eastern time zone. The Nasdaq composite was
0.02% higher at 13,352.36. All three indexes flipped between small gains and
losses within the first half-hour of trading.

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The Federal Reserve has already raised short-term rates
once and is expected to raise rates by double the usual amount in the coming
weeks. The central bank is indicating a sharp reversal in its massive efforts
to keep longer-term rates low.

The 10-year Treasury yield rose to near its highest level
since 2018, at 2.82% on Monday morning.

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That has the 10-year Treasury yield close to its highest
level since 2018, at 2.82% on Monday morning. Higher yields put downward
pressure on all kinds of investments, from gold to cryptocurrencies, and the
most expensive stocks tend to be the hardest hit.

That puts the focus on big technology and high-growth
stocks, the ones that thrived during the pandemic. Nasdaq, which contains many
of these stocks, has lagged behind the market. The smaller stocks also
struggled on Monday as Russell 2000 index was 0.5% down.

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However, this was offset by better-than-expected profit
reports. Synchrony Financial surged 5% after it said its earnings in the first
three months of the year beat Wall Street expectations. It also boosted its
dividend and plans to buy back its stock.

Bank of America gained 2.6% after posting stronger
profits than analysts forecast.

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Meanwhile, shares of Twitter fluctuated in the first
trading after the company announced a plan to make it more difficult for
someone to take over the company. Tesla CEO Elon Musk offered to buy the
social-media platform and take it private, but the company has made it tough
for him to acquire more than a 15% stake in it. Twitter shares were most
recently up 3%.