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Stocks tick higher on Wall Street, but Treasury yields sink

U.S. stock indexes drifted higher Tuesday as Wall Street’s big rally eased off the accelerator.  (MGN/file)
U.S. stock indexes drifted higher Tuesday as Wall Street’s big rally eased off the accelerator. (MGN/file)
Published: Aug. 4, 2020 at 7:17 PM CDT
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NEW YORK (AP) - U.S. stock indexes drifted higher Tuesday as Wall Street’s big rally eased off the accelerator.

The S&P 500 rose 0.4% after flipping between small gains and losses throughout the day. It’s the mildest move for the index in two weeks.

Stock indexes are hanging at or close to their record highs after clawing back all or most of their sell-off from earlier in the year, and the S&P 500 is within 2.4% of its all-time high set in February.

But caution is still hanging over markets:

Gold rose to another record, while Treasury yields sank as investors sought safety.  

Copyright 2020 The Associated Press. All rights reserved.

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