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Wall Street drifts higher; Treasury yields slow their rise

Stocks closed mixed Wednesday on Wall Street. (AP/file)
Stocks closed mixed Wednesday on Wall Street. (AP/file)(AP Photo/Seth Wenig)
Published: Jan. 13, 2021 at 7:22 PM CST
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(AP) - Stocks closed mixed Wednesday on Wall Street after major indexes spent the day drifting up and down, not far off the record highs they reached last week.

The S&P 500 edged 0.2% higher thanks in large part to gains from several Big Tech companies including Apple and Amazon, even though most stocks in the index fell.

Small-company stocks edged lower after posting big gains in the first week of the year.

Treasury yields stalled following a rapid rise over the past few weeks.

The benchmark 10-year yield dipped as concerns calmed that the Federal Reserve may curtail its purchases of Treasurys.

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