Stocks Close Mixed, Dow Gains Slightly as 10-Year Treasury Yield Hits 1.5%

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After a volatile week last week, stocks closed mixed today as the 10-year treasury yield increased on economic optimism, leading the Dow to gain about 100 points. However, tech stocks struggled, dragging down the broader market. Andrew Mies, Chief Investment Officer at 6 Meridian, joins Cheddar News’ Closing Bell to discuss today’s mixed close and what investors are pricing in a week after the Fed announced interest rates would hold steady, but asset tapering could begin soon.