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January 13, 2021

Stocks power ahead; Treasury yields climb

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Wall Street capped a wobbly day of trading Tuesday with modest gains, while Treasury yields extended their recent rally.

The S&P 500 inched up less than 0.1% after flipping between small gains and losses for much of the day. About 62% of companies in the index rose, with energy sector stocks notching the biggest gain as crude oil prices rose. Companies that rely on consumer spending also helped lift the market, outweighing declines in health care, communications and technology stocks.


 
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